contingent annuity

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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The portfolio for sale includes provisions for calculating the component funding values in a life contingent annuity contract.
The technology provides for calculating the values of a life contingent annuity contract on the basis of the contract information, including purchase value, interest and mortality rates, and annuitant data, such as age or health rating, all of which is stored in a database.
If you don't think inflation will be a factor, I priced a straight life contingent annuity for a 65-year-old and the premium came in around $55,000 to receive $4,000 a year.
According to Example 5, if any amount of the annuity could be payable to a grantor's estate, the value of that contingent annuity interest had to reduce the amount of the grantor's retained trust value.
NEW YORK & CHICAGO -- Fitch notes the latest product offering aimed at the longevity risk protection market, the contingent annuity (CA), is generating controversy.
In addition, the company is currently developing a registered contingent annuity product platform to be distributed through the newly rated entity, ALAC.
The power to revoke retained by the grantor should prevent the spousal contingent annuity from being a completed gift for gift tax purposes.
As part of its annual review, TRIO will alert the retiree when the market and conditions are right to convert a portion, typically 10 or 15 percent, of their portfolio to a life contingent annuity.
Further, the court distinguished this case from Walton because the contingent annuity was payable to the grantor's estate when the grantor died.

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