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 ?
Deloitte Consulting predicted a new group annuities market could be in the making due to PRT arrangements.
Group annuities differ slightly from individual annuities in that the payout is dependent upon the life expectancy of all members of the group rather than on the individual.
Beginning next month, Morningstar will compare group variable annuities to open-end mutual funds as opposed to individual variable annuities, which tend to be structured differently than group annuities from a benefit and cost standpoint.
Determine haw expenses in group annuities compare to publicly traded funds.
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.
According to the company's announcement on Monday, the subsidiary it plans to sell consists mainly of structured settlement and group annuities.
Harris will lead all individual annuity sales management and marketing efforts within Securian Retirement Savings, a manufacturer and marketer of individual and group annuities to high net worth individuals and small employers.
The 2006 BCAR model incorporates a single set of risk factors that apply to both individual and group annuities.
Premium Income by Line 1996 Life & other 53% Individual Annuities 22% Group Annuities 25% 2006 Life & other 48% Individual Annuities 32% Group Annuities 20% Source: A.
The company has a leading market position in both group annuities and life insurance.
While with Mercer Investment Consulting, he was responsible for the placement of single premium group annuities, contract negotiations and credit analysis.
MetLife's statutory earnings have generally improved on a historical basis, with particular improvement seen in the most recent year marked by strengthening in its group annuities business and no statutory losses sustained in any of its business lines, Marc Steinberg, an A.