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Definition of 'Cash Refund Annuity'
An annuity contract that returns funds back to a beneficiary in the event that the annuitant dies too early. A cash refund annuity has a provision which stipulates that if the annuitant passes away before the annuity payments received equal the annuity payments made, the insurance company will pay the difference to the beneficiary. Some variations might include the addition of interest earned on top of the difference.
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Investopedia explains 'Cash Refund Annuity'
Annuities are used to guarantee a constant stream of income over a specified period of time. Depending on the annuity features, the payments will either continue or stop when you die. In a cash refund annuity, your beneficiary receives a lump sum. For example, assume a retiree purchases an annuity for $100,000, and receives $60,000 in annuity payments before passing away. The beneficiary, in this case, would receive $40,000 as a lump sum cash refund from the insurance company. An installment refund annuity would return the $40,000 in payments over a period of time instead of a lump sum.
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Search results for 'Cash Refund Annuity'
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http://www.investopedia.com/articles/retirement/07/insureretirement.asp
... What could he do? Frank could use a fixed, deferred payout annuity with a joint
lifetime benefit. ... Male: Single Lifetime/Cash Refund, $16,000, $31,000, $54,000. ...
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http://www.investopedia.com/university/annuities/annuities1.asp
... Life Income With Refund (Or Cash Refund Annuity) - As the name implies, the annuitant
receives income for life, but if there is any principal remaining upon ...
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http://financialedge.investopedia.com/financial-edge/0212/When-You-Should-Plan-For-A-Tax-Refund.aspx
... W-4P: Withholding Certificate for Pension or Annuity Payments that ... Planning to get
such a tax refund makes sense if ... He wants to pay cash for the vacation, so ...
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http://www.investopedia.com/exam-guide/series-26/sales/finra-conduct-rule-2830.asp
... sale by the underwriter and shall also pay to the issuer the refund when he ... the offerors,
the names of the associated persons, the amount of cash, the nature ...
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http://www.investopedia.com/exam-guide/finra-series-6/finra-rules/finra-conduct-rule-2830-investment-company-securities.asp
... sale and distribution of investment company securities that is not cash compensation. ...
Refund of Sales Charges If any security issued by an open-end management ...
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http://www.investopedia.com/articles/pf/05/EmergencyFund.asp?partner=worldnow
... If you get "cash back" on your credit cards, or just paid off ... If you get a tax refund,
deposit the check into your fund ... The Cost Of Variable Annuity Guarantees. ...
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http://www.investopedia.com/exam-guide/series-26/variable-contracts/contractual-plans.asp
... 2.9 Types of Account Agents; 2.10 Cash and Margin ... of Annuity Payouts; 3.7 Annuity
Distributions and Variable Annuity Charges; ... of these plans, a full refund of all ...
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http://stocks.investopedia.com/stock-analysis/2011/Low-Risk-Stocks-With-Quality-Upside-ETN-LNCR-INTC-MSFT1129.aspx
... Leading chip maker Intel (Nasdaq:INTC) is basically like a rich annuity with a bonus ...
billion in dividends, but collects over $9 billion in annual free cash flow ...
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http://www.investopedia.com/articles/retirement/08/qualified-plan-distributions.asp
... assets are in the form of property, not cash, that same ... amount was received on or
after the "annuity starting date ... amount was in the nature of a refund in full ...
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http://www.investopedia.com/video/definitions
... flows and the importance for businesses to properly manage their cash flows. ... Variable
Annuity Basics. ... Finding out you owe when you expected a refund is a nasty ...
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