What is an installment refund annuity?

In Annuities - Fixed Annuity - Asked by Admin - 2 years ago

This type of annuity contract promises to continue to provide benefits to a beneficiary if the annuitant dies before recouping the purchase price of the annuity. The payments will generally continue until the full cost of the annuity has been refunded.

Answered by Admin - 2 years ago

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Are you looking for a way to have a way to have fixed income for the rest of your life by obtaining a fixed annuity. It is a great way to have a fixed income at a fixed rate. Wondering about "what is an installment refund annuity?", annuities and specifically fixed annuities you can ask our experts for free.

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What is an installment refund annuity?

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