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 ?
In the agreement, Capgemini will bring its extensive insurance innovation, customer service and digital capabilities to implementations of the Majesco Life & Annuity (L&A) and Group Core Suite for insurance carriers in the life, annuity, group, worksite, and voluntary benefits market, helping them to achieve speed to value.
The company offers annuity, group life, takaful, and other individual insurance products, as well as savings schemes and investment products.
group disability insurance market and a significant player in the annuity, group life and retirement plan market.
Sectors discussed in detail will include life and annuity, group benefits and property/casualty (for both personal and commercial).
Sectors discussed in detail will include life and annuity, group benefits, and property/casualty (for both personal and commercial).