contingent annuity

(redirected from Contingent Annuities)

Contingent Annuity

An annuity that does not begin making payments to the annuitant or the beneficiary until a certain stated event occurs. Annuities that do not begin payments until an individual's retirement or death are common examples.

contingent annuity

A series of payments scheduled to begin at the time of a specified event. For example, an individual's death may set in motion an annuity payable to a designated person or organization.
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7, 2014 /PRNewswire/ -- DRB Financial Solutions, LLC, a liquidity solutions company that caters to individuals and small/medium size businesses, is pleased to announce that they have closed on a multi-year $600M funding facility for annuity payments including life contingent annuities.
Peachtree completed a transaction affording its Structured Settlements division over $200 million in financing for the acquisition of structured settlement payments and annuities including life contingent annuities and settlement payments.
For example, one can learn that there are only two basic types of insurance: term life and contingent annuities.
1 percent as higher realized capital gains and increases in sales of traditional life insurance and life contingent annuities contributed to the increase over the same period last year.
3 percent as increases in traditional life insurance sales, sales of life contingent annuities, and lower realized capital losses contributed to the increase over the same period last year.
1 percent as increases in traditional life product sales, investment income, fee-based product revenues and realized capital gains were partially offset by lower sales of life contingent annuities.
3 percent as traditional life insurance sales, fee-based product revenues, and sales of life contingent annuities were higher than the same period last year.
Revenues determined under GAAP decreased slightly as increases in traditional life insurance sales, net investment income and fee-based product revenues were more than offset by lower sales of life contingent annuities.
Revenues determined under generally accepted accounting principles (GAAP) were relatively unchanged during the period, as increases in traditional life insurance sales and fee-based product revenues were more than offset by lower sales of life contingent annuities.

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