STRAIGHT LIFE ANNUITY
Insurance product which gives periodic payments to the annuitant until his death. The annuity prohibits annuitants to assign a beneficiary. It can be obtained throughout the holder’s working life either by making periodic payments into the annuity or giving a lump sum payment. The latter is usually done at or after the annuitant’s retirement.
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DOP
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Endowment
Financial asset donated to a non-profit institution, in the form of investment funds or property, with the purpose at the donor’s bequest. Th ...
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| 02:00 | Mid-Year Economic and Fiscal Outlook | ||
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