A type of annuity available to a person with serious pre-existing health issues that are likely to shorten the person's life expectancy. These annuities generally yield higher amounts per payment, because the recipient is not expected to survive for the full term of the annuity.
Related information about substandard health annuity:
- Substandard Health Annuity Definition | Investopedia
... a serious, demonstrable health problem which will likely shorten the annuitant's life expectancy. A substandard health annuity is a type of straight life annuity.
- How to Set up a Substandard Health Annuity | eHow.com
How to Set up a Substandard Health Annuity. Many people decide to save for retirement with a straight life annuity, which allows immediate tax benefits and ...
- Substandard Health Annuity financial definition of Substandard ...
An annuity one may buy if he/she has a health problem likely to significantly shorten his/her life. A substandard health annuity pays a higher amount to the ...
- Insurance Glossary - Substandard Health Annuity
What Does Substandard Health Annuity Mean? Believe it or not, but there exists such an insurance product which is offered to those people who suffer from ...
- What is substandard? definition and meaning
classified loan. Mentioned in these terms. substandard health annuity. Browse by Letter: #ABCDEFGHIJKLMNOPQRSTUVWXYZ. Resources. Browse by subject ...
- Annuity Glossary : Financial Terms : Annuity Definitions
Substandard Health Annuity: type of straight-life annuity designed for individuals who have serious health problems. Surrender Charge: penalty imposed by the ...
- Understanding Fixed Annuities
There are three primary types of life annuities for an individual to choose from: straight life annuities, substandard health annuity, and guaranteed term annuities .
- Glossary - Annuity Think Tank
Substandard Health Annuity: A type of straight-life annuity designed for individuals who have serious health problems. The cost of this annuity depends on the ...