What does Annuity Due mean? Read on to discover the definition & meaning of the term Annuity Due - to help you better understand the language used in insurance policies.
An annuity due is an annuity that is offered by many life insurance companies. Annuities due differ from many other types of annuities in that the payments on them are "due" at the beginning of each interval, as opposed to at the end. The payment interval could be once a month, once a quarter, once a year, etc. So the payments would be due at the beginning of the month, quarter, year, etc.
We hope the you have a better understanding of the meaning of Annuity Due.