income annuity
Definition
Annuity that begins a series of payments as soon as the fixed income security is purchased. The underlying income annuities may either be fixed or variable and the term is usually the annuitant's life or the surviving spouse's life, depending upon the plan.
Related Articles
- Installment Sale *
- Understanding GARP Stock Investing Strategy *
- Types of Stock Mutual Funds *
- How to Set Up a Budget *
- Assessing Risk While Building a Portfolio *
- Looking For and Selecting a Tax Professional *
- Understanding Disability and Long Term Care Insurance Policies *
- Securing Financing for the Purchase of your Car *
Related Videos
http://www.businessdictionary.com/definition/income-annuity.html
