Read our page, Cash Refund, to learn and understand more annuity related glossary terms..Definition of refund annuity Annuity under which all paid premiums are returned usually with interest cash refund annuity .Definition of cash refund annuity. a refund annuity payable in cash to a beneficiary upon the annuitant’s..Cash refund annuity. Annuity contract under which, if an annuitants before receiving the amount contributed by him or her under it, the balance is paid to a designated beneficiary..
Series of payments at fixed intervals, guaranteed for a fixed number of years or the lifetime of one or more individuals. Similar to a pension, the money is paid out of an investment contract under which the annuitant s deposit certain sums in a lump sum or in installments with an annuity guarantor usually a governmentcy or an .Should you cash in your final salary pension? Thousands have and they’ve been given huge sums but it’s fraught with risk. Huge sums are .