What does annuitized an annuity mean
[DOC File]Form 2454x, Standards for Prior Approval Individual ...
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The cost of the annuitized prize(s) will be determined at the time the annuity is purchased through a process approved by the MUSL Board; 6.5.1.3 If no winner of the Grand Prize during a single drawing has elected the annuitized option prize, then the amount of cash in the Grand Prize Pool shall be an amount equal to the guaranteed annuitized ...
[DOC File]Individual Fixed and/or Variable Deferred Annuity Outline ...
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All annuitized prizes shall be paid annually in thirty (30) payments with the initial payment being made in a single payment, to be followed by twenty-nine (29) payments funded by the annuity. Except as may be controlled by a Selling Lottery’s governing statute, all annuitized prizes shall be paid annually in thirty (30) graduated payments ...
Annuitization Definition
This outline does not apply to unallocated group annuity contracts or allocated group annuity contracts and certificates funding an employee benefit plan (i.e. IRC §§401(a) plans, 401(k) plans, most 403(b) plans, 457 plans, 408 SIMPLE and SEP plans, etc.) to the extent that such plan qualifies as an employee benefit plan within the meaning of ...
[DOC File]Group Fixed and/or Variable Deferred Annuity Contracts ...
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The cost of the annuitized prize(s) will be determined at the time the annuity is purchased through a process approved by the MUSL Board; 6.5.1.3 If no winner of the Grand Prize during a single drawing has elected the annuitized option prize, then the amount of cash in the Grand Prize Pool shall be an amount equal to the guaranteed annuitized ...
[DOCX File]POWERBALL GROUP RULES - Maine
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Market Value Adjusted Annuities (also referred to as MVA annuities or Modified Guaranteed Annuities) – Fixed deferred annuities that guarantee principal and a high rate of interest on amounts deposited for a specified time period up to ten years with an unqualified right to withdraw an unadjusted cash surrender benefit upon the expiration of the specified time period.
[DOCX File]POWERBALL GROUP RULES - Maine Lottery
https://info.5y1.org/what-does-annuitized-an-annuity-mean_1_60f6c6.html
If the contract provides for a lump-sum settlement at maturity or at any other time, upon surrender of the contract at or prior to the commencement of annuity payments, the company will pay in lieu of a paid-up annuity benefit a cash-surrender benefit that complies with the Model Variable Annuity Regulation, Section 7, Model 250.
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