Group Annuity

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Group Annuity

An annuity purchased by a number of people who negotiate collectively. A group annuity operates like other annuities, except that contributions are paid by (and payments are made to) more than one person under a single plan. See also: Group insurance.
References in periodicals archive ?
On the insurance side, New York Life and its affiliates offer traditional life, annuity, group, and disability products, as well as managed care.
The company sells and administers traditional life, annuity, group life, short-term and long-term disability, and dental products.
The company offers individual life and annuity, group life and worksite insurance products to help protect the financial security of its policyowners.
Bill Burrow, Vice President, Executive Director National Accounts for Manulife Financial, leads a team of eight Directors responsible for working closely with Manulife's Annuity, Group Pensions and Insurance Divisions to provide broker/dealers with easy access to Manulife Financial and all of its products.
NaviSys is a leading developer of software for life, health, annuity, group insurance and ceded reinsurance administration, financial accounting, sales illustration and the Internet; a premier administrator for life insurance and annuities; and a provider of underwriting services.