MLchartDataset catalogue

Group annuity

Term · Insurance and risk management · MLC-T-INS-003664

A contract between an insurance company and an employer or other group, providing retirement income benefits to a group of individuals, such as employees in a pension plan. The insurer manages the funds and makes periodic payments to the annuitants upon retirement. This arrangement offers administrative efficiency and often lower costs compared to individual annuities.

Table 1. Record
IdentifierMLC-T-INS-003664
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-003664",
  "term": "Group annuity",
  "field": "Insurance and risk management",
  "definition": "A contract between an insurance company and an employer or other group, providing retirement income benefits to a group of individuals, such as employees in a pension plan. The insurer manages the funds and makes periodic payments to the annuitants upon retirement. This arrangement offers administrative efficiency and often lower costs compared to individual annuities.",
  "url": "https://mlchart.com/terminology/insurance/group-annuity/"
}

Record 1,575 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.