Annuity Starting Date

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Annuity starting date

The date when an annuitant starts receiving payments from an annuity.

Annuity Starting Date

The date on which an annuitant receives his/her first payment from an annuity. If it is an immediate annuity, the annuity starting date is soon after the annuitant purchases the plan; if it is a deferred annuity, the starting date may occur some years after purchase, especially following retirement.

Annuity Starting Date

The first day of the first period for which an amount is due as an annuity payment under an annuity contract.
References in periodicals archive ?
An immediate annuity is an annuity purchased with a single premium or annuity consideration, and the annuity date commences no later than one year from the date of purchase.
If the annuitant dies before the annuity date, purchase payment will be returned to the beneficiary in most cases.
Flexible buying payments, a variety of payout options, annuity date modification, return of purchase payment, annuity payment acceleration and safety against price rises comprises the features of RetireEase.
Multiple purchase payments are combined into a single guaranteed income stream that begins on the selected annuity date.
On the eighth contract anniversary, clients will receive an annual credit of 0.55% of the contract value on each contract anniversary before the annuity date. Clients can also diversify with four asset allocation categories.