group annuities
- Annuities procured by a member of a group via a master agreement issued to the collective they're part of, providing periodic payments for a defined time frame or the recipient's lifetime, generally starting at retirement
- After his retirement, Mark started receiving payments from the group annuities he bought as a union member.
- The company offers employees the option to buy into group annuities as part of their retirement plan.
- The group annuities offered by the association provided her a secure income stream after retirement.
Provide Feedback
