Substandard Health Annuity
Definition of 'Substandard Health Annuity'An insurance product that can be purchased by a person with a serious, demonstrable health problem which will likely shorten the annuitant's life expectancy. A substandard health annuity is a type of straight life annuity. |
|
Investopedia explains 'Substandard Health Annuity'These annuities pay out more money per period than other straight life annuities because the length of the annuitant's life is expected to be significantly shorter than that of the average, healthy person of a similar age. |
Related Definitions
Articles Of Interest
-
Explaining Types Of Fixed Annuities
Learn about this popular retirement tool, its pros and cons and how annuities work to create a guaranteed regular stream of retirement income. -
An Overview Of Annuities
These contracts provide a guaranteed income stream. Learn how they work and their benefits. -
Selecting The Payout On Your Annuity
Make sure you understand your options for withdrawing your funds from this complex instrument. -
Should You Buy An Annuity?
For many cash strapped seniors an annuity sounds like the perfect solution. And it can be if you think you’ll outlive your mortality date. The only trouble is that the insurance companies offering ... -
Analyzing The Best Retirement Plans And Investment Options
Understanding the various retirement investments - from annuities to 401(k)s and everything in between - is crucial to reaching your retirement goals. Here, we examined many of the popular investments ... -
How To Buy Annuities (And When Not To)
Annuities are complicated products that require some basic homework to be done before requesting quotes. Retirees will want to think about how they envisage their lifestyle and even their potential ... -
5 Ways To Stretch Your Retirement Budget
Living comfortably can be easy if you follow a simple plan. -
What is an annuity?
An annuity is a contract between you and an insurance company in which you make a lump sum payment or series of payments and in return obtain regular disbursements beginning either immediately ... -
Immediate Annuities: More Income and Lower Taxes
These instruments may shed their bad rap to bring you a hefty tax break. -
How To Avoid Going Broke After Retirement
There are many things to consider when planning your retirement, including budgets, taxes and long-term care.
Free Annual Reports