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 ?
The largest lines of business as measured by premium income, in order, are individual annuities, group annuities and ordinary life.
The company has also transferred $1 billion in obligations to American General and MassMutual by buying group annuities.
The first of its kind, the Mercer Pension Risk Exchange is an innovative solution that brings together plan sponsors looking to lower risk and insurers of group annuities.
Even without jumbo deals, there are just more plan sponsors looking to convert their pensions to group annuities," said Ericson.
Individual and group annuities accounted for nearly half of defined contribution plan assets, according to a new report.
Determine haw expenses in group annuities compare to publicly traded funds.
87 Standard deviation TABLE 5 The Sensitivity of Mortality Bond Price and Reinsurance Price to the Change of an Insurer's Expense Rate Male Female Expense Mortality Reinsurance Mortality Reinsurance Factor (%) Bond Price Price Bond Price Price 4 9,316,726 683,274 9,279,932 720,068 6 9,988,507 11,493 9,955,663 44,337 8 10,000,000 0 10,000,000 0 TABLE 6 Group Annuities, 6-Parameter Log-Link Model.
Consideration for individual and group annuities is anticipated to grow at a CAGR of about 11% and 5% respectively for the period 2008 to 2012.
Deloitte Consulting predicted a new group annuities market could be in the making due to PRT arrangements.
Industry-wide annuity sales, including group annuities, were $327.
has settled with both the Connecticut and New York attorneys general over its use of expense kickback agreements with brokers selling certain types of group annuities.
The 2006 BCAR model incorporates a single set of risk factors that apply to both individual and group annuities.