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.
Related Entries of Single-Premium Deferred Annuity in the Encyclopedia of Law Project
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Single-Premium Deferred Annuity in Historical Law
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Legal Abbreviations and Acronyms
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What is Single-Premium Deferred Annuity?
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