What Does Group Annuities - Deferred Variable Mean?

Free Business Insurance Quote Click Here
What does Group Annuities - Deferred Variable mean? Read on to discover the definition & meaning of the term Group Annuities - Deferred Variable - to help you better understand the language used in insurance policies.

Group Annuities - Deferred Variable

Group Annuities - Deferred Variable

An annuity contract that provides an accumulation based fund where the accumulation varies in accordance with the rate of return of the underlying investment portfolio selected by the policyholder. Must include at least one option to have the accumulation vary in accordance with the rate of return of the underlying investment portfolio selected by the policyholder and may include at least one option to have the series of payments vary in accordance with the rate of return of the underlying investment portfolio selected by the policyholder. This annuity contract provides for the initiation of payments at some designated future date.

We hope the you have a better understanding of the meaning of Group Annuities - Deferred Variable.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here