annuity insurance
An agreement to pay the insured (or annuitant) for a stated period or for life. [Cases: Annuities 1. C.J.S. Annuities §§ 2–4, 6–9, 21.]
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endowment annuity insurance
endowment annuity insurance 两全养老金保险 指将延期退休年金保险与面额超过现金价值余额的期限递减保险相结合的险种。
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private annuity
An annuity from a private source rather than from a public or life-insurance company.
retirement income insurance
An agreement whereby the insurance company agrees to pay an annuity beginning at a certain age if the insured survives beyond that age, or the value of the policy if the insured dies before reaching that age.
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annuity policy
annuity policy. An insurance policy providing for monthly or periodic payments to the insured to begin at a fixed date and continue through the insured’s life.