Single-Premium Deferred Annuity

Financial Definition of Single-Premium Deferred Annuity

Meaning of Single-Premium Deferred Annuity

An insurance policy bought by the sponsor of a pension plan for a single premium. In return, the insurance company agrees to make lifelong payments to the employee (the policyholder) when that employee retires.

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Single-Premium Deferred Annuity in Historical Law

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Legal Abbreviations and Acronyms

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  • Annuities
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