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Contingent Annuity
(redirected from Contingent Annuities)

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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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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.
Peachtree Settlement Funding Closes on $200 Million in Financing by Business Wire
For example, one can learn that there are only two basic types of insurance: term life and contingent annuities.
Economics of Insurance by Sinha, Tapen / Journal of Risk and Insurance
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.
Allstate Reports 1997 First Quarter Results by PR Newswire
 
 
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