Personal tools

You are here: Home / Glossary / Cash Refund Annuity

Cash Refund Annuity

A form of annuity under which any excess contributions and interest over the total of annuities actually paid are refunded after the annuitant’s death to a designated beneficiary of his or her estate. Two types are cash refund annuity (unliquidated purchase price is refunded in a lump sum at the time of the annuitant’s death) and installment refund annuity (monthly payments are continued to the beneficiary until the full cost has been received)

Document Actions


for first portlets etc..


for second portlets etc..


for third portlets etc..