MLchartDataset catalogue

Fixed annuity

Term · Law · MLC-T-LAW-002144

A type of insurance contract that guarantees a fixed rate of return on the principal investment over a specified period. The insurer promises to pay a predetermined amount of income to the annuitant, either immediately or at a future date. This contrasts with variable annuities, where returns fluctuate based on underlying investment performance.

Table 1. Record
IdentifierMLC-T-LAW-002144
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002144",
  "term": "Fixed annuity",
  "field": "Law",
  "definition": "A type of insurance contract that guarantees a fixed rate of return on the principal investment over a specified period. The insurer promises to pay a predetermined amount of income to the annuitant, either immediately or at a future date. This contrasts with variable annuities, where returns fluctuate based on underlying investment performance.",
  "url": "https://mlchart.com/terminology/law/fixed-annuity/"
}

Record 2,052 of 5,441 in Law terminology (MLC-0107). Request the full dataset.