An annuity that may be purchased as long as the recipient is paid a fixed monthly payment for the remainder of their life. Annuity payments begin after retirement and the payment amount will not change over time, regardless of inflation.
Related information about deferred nominal life annuity:
- Deferred Nominal Life Annuity financial definition of Deferred ...
A monthly fixed-dollar payment beginning at retirement age. It is nominal because the payment is fixed in a dollar amount at any particular time, up to and ...
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Definition of deferred nominal life annuity: An annuity that may be purchased as long as the recipient is paid a fixed monthly payment for the remainder of their ...
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deferred option month. deferred nominal life annuity · deferred payment. Definition. The distant month in an option contract. For instance, if the option is ...
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Deferred nominal life annuity: • A monthly fixed-dollar payment beginning at retirement age. It is nominal because the payment is fixed in dollar amount at any ...
- 5 - National Bureau of Economic Research
is a deferred nominal life annuity, insured up to certain limits by the. Pension Benefit Guarantee Corporation. It is a deferred annuity because the employee ...