Group Annuities - Immediate Variable Group Annuities – Deferred Variable Group Annuities – Immediate Non-Variable and Variable

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Group Annuities - Immediate Variable Group Annuities – Deferred Variable Group Annuities – Immediate Non-Variable and Variable Group Annuities - Immediate Variable An annuity contract that provides for the first payment of the annuity at the end of the fixed interval of payment after purchase. The interval may vary, however the annuity payouts must begin within 13 months. The amount varies with the value of equities (separate account) purchased as investments by the insurance companies. Group Annuities – Deferred Variable An annuity contract that provides an accumulation based fund where the accumulation varies in accordance with the rate of return of the underlying investment portfolio selected by the policyholder. It must include at least one option to have the accumulation vary in accordance with the rate of return of the underlying investment portfolio selected by the policyholder and may include at least one option to have the series of payments vary in accordance with the rate of return of the underlying investment portfolio selected by the policyholder. This annuity contract provides for the initiation of payments at some designated future date. Group Annuities – Immediate Non-Variable and Variable An annuity contract that provides an accumulation based on both; 1- funds that accumulate based on a guaranteed crediting interest rates or additional interest rate applied to designated considerations, and 2- funds where the accumulation vary in accordance with the rate of return of the underlying investment portfolio selected by the policyholder. The contract provides for the initiation of payments at some interval that may vary, however the annuity payouts must begin within 13 months. This annuity contract provides for the initiation of payments at some designated future date. #benewinsurance #insurtech #inclusiveinsurance #insurance #reinsurance #takaful

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