Group Annuity Contract,
What Does Group Annuity Contract Mean?
A simple definition of Group Annuity Contract is: A contract issued by a life insurance company that can be used as a tool to fund retirement plan benefits. A framework agreement stipulates that a group of participants in the system will receive a pension on retirement. Individual certificates may be issued to group members to prove insurance coverage.
Group Annuity Contract means, Annual agreement between the insurance company and the owner for the benefit of a particular group, such as a member of the pension plan.
Literal Meanings of Group Annuity Contract
Group:
Meanings of Group:
Find them or put them in one or more groups.
Multiple people or nearby objects either seen or arranged together.
Sentences of Group
These bodies are divided into four different groups
Synonyms of Group
amass, gather together, clump, family, assemble, category, style, kind, cluster, collect, class, species, set, lot, sort, mass, genus, type, variety, classification, bracket, bunch, grouping, batch, breed
Annuity:
Meanings of Annuity:
Usually a certain amount of money is paid to someone for life every year.
A type of insurance or investment that entitles the investor to a variety of annual sums.
Sentences of Annuity
Until 1999, the only option for retirees was an annual, fixed income for life.
If investors want to invest most of their savings fast, they must invest in an annual amount.
Equity will first have to come up with an initial proposal to buy expensive pension insurance, which society can no longer afford.
If they want to save, they can do so and, before retirement, decide whether to spend their retirement money or make a purchase.
Fixed annual administration fees typically receive ڈالر 30 per year.
When they retire, savers can choose a fixed or variable pension.
If you deduct the full amount of taxes, you will usually have to make annual purchases with the remaining funds.
There may be a fixed rate or variable product with sub-accounts in tax-exempt years.
Beneficiaries can often change the amount from one year to the next, but it will ignore any declining health, for example.
Pensions on which retirees buy fixed income may also vary.
Synonyms of Annuity
consideration, contribution, benefit, annuity, upkeep, keep, maintenance, handout, pocket money, expenses, pension, financial support, subsistence, stipend, subsidy, grant, remittance, sum of money
Contract:
Meanings of Contract:
Written or verbal agreements, including, but not limited to, employment, sales, or lease agreements, which are aimed at legal force.
The area of law that deals with the implementation and enforcement of agreements.
Fix someone killed by a killer.
The player agrees to win any tricks offered with the suit listed as a trump card.
Formal marriage contract
Decrease in size, number or rating.
(Muscles) are getting smaller and ■■■■■■, which makes the organs of the body move.
Shorten by a combination or alliance (word or phrase).
Make a formal and legally binding agreement.
Guarantee certain agreement rights or obligations set forth in formal and legally binding agreements.
Assign (someone) the responsibility to do something with formal approval.
Let other organizations work.
Officially married
(Joining a friendship or other relationship)
Catch or Prepare (Disease or Infectious Agent)
Sentences of Contract
Network of doctors and hospitals in charge of providing services
You will receive a copy of the disciplinary action within 28 days of signing your employment contract.
Every employee must have a job contract.
After entering into an agreement with the owner, a personal agreement is drawn up and signed.
Your employment contract will not change.
Make sure your compensation is clearly stated in your employment contract.
You must comply with the Fraud Act, which means the agreement must be in writing and you have the burden of proof to enforce your claim.
Synonyms of Contract
undertaking, narrow, be struck down with, be taken ill with, become narrower, tense, commit oneself, constrict, pick up, bond, become infected with, compact, become tighter, succumb to, assign to others, get smaller, cut, commitment, draw in, truncate, abridge, covenant, settlement
Group Annuity Contract,
Definition of Group Annuity Contract:
Group Annuity Contract refers to An agreement issued by a life insurance company that can be used as a final document for the benefits of a pension plan. A framework agreement states that a group of people participating in the system will receive a pension on retirement. Individual certificates can be issued to group members who can prove insurance coverage.
Annual agreements between insurance companies and offers for the benefit of certain groups, such as pension plan participants.
Literal Meanings of Group Annuity Contract
Group:
Meanings of Group:
Many people or things that come together, come together or are categorized.
A series of elements occupy a column in a periodic table and, due to their similar electronic structure, have mostly similar features.
A combination of elements with associative binary operations in which each element and the identifying element are reversed.
(In systematic grammar) The structural level between sentences and words that is almost identical to other grammar sentences.
Put in one or more groups.
Sentences of Group
A group of boys is approaching.
Three chairs were gathered around the table.
Synonyms of Group
arrange, line up, body, troop, organize, grade, collection, pack, company, status, flock, grading, gathering, range, dispose, assembly, marshal, party, gang, crowd
Annuity:
Meanings of Annuity:
Money given to someone every year, usually for life.
Sentences of Annuity
Excluding a £ 1000 pension of your choice.
Contract:
Meanings of Contract:
A written or ■■■■ agreement, specifically a rent, sale or lease agreement, the purpose of which is legal force.
Decrease in size, number or scope.
Sign a formal and legally binding agreement.
Catching or preparing (disease or infectious agent).
Sentences of Contract
What is the contract with the club now?
The glass shrinks when it cools.
Three people have been infected with the deadly virus.
Synonyms of Contract
entente, diminish, fall ill with, arrangement, dwindle, bargain, concordat, fall into, come down with, deal, understanding, treaty, indenture, pledge, catch, shrink, promise, agree, take ill with, reduce, take sick with, enter into an agreement, become smaller, decline, agreement, become liable to pay, convention
Group Annuity Contract,
What is The Definition of Group Annuity Contract?
Meaning of Group Annuity Contract: Agreement issued by a life insurer which can be used as a final document for pension plan benefits. A single framework agreement stipulates that a group of people participating in the system will receive a pension on retirement. Individual certificates may be issued to group members who can prove insurance coverage.
Annual agreement between insurers and offers that benefit certain groups, such as: B. Pension plan members.
Literal Meanings of Group Annuity Contract
Group:
Meanings of Group:
Multiple people or things that are located, grouped, or classified together.
A series of elements occupy a column in a periodic table, and because of their similar electronic structure, most features are identical.
A set of elements with associative binary operations that are inverted for each element and identification element.
Sentences of Group
There were three chairs around the table.
Synonyms of Group
rank, congregation, band
Annuity:
Meanings of Annuity:
The amount of money paid to someone each year, usually for life.
Sentences of Annuity
You are leaving a £ 1000 pension in your will.
Contract:
Meanings of Contract:
A written or ■■■■ agreement, specifically a lease, sale or lease agreement, aimed at gaining legal force.
Synonyms of Contract
develop, run up, make a deal, shrivel, reach an agreement, acquire, engage, be stricken with, account, decrease, go down with, engagement, undertake, negotiate a deal, incur
