Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

single-premium deferred annuity

Read a random definition: admortization

A quick definition of single-premium deferred annuity:

A single-premium deferred annuity is an agreement where someone pays a lump sum of money to an insurance or investment company in exchange for receiving a larger sum of money at a later date. The money earned on the investment is not taxed until it is taken out. It's like putting money in a piggy bank and getting more money back later.

A more thorough explanation:

A single-premium deferred annuity is a type of annuity where the annuitant pays a lump-sum premium to an insurance company in exchange for receiving a specified sum at a future date. The income earned on the investment is tax-free until it is withdrawn.

For example, John pays $100,000 to an insurance company for a single-premium deferred annuity. The insurance company invests the money and agrees to pay John $150,000 in 10 years. During those 10 years, the income earned on the investment is tax-free.

Single-premium deferred annuities are often used for retirement planning because they allow the annuitant to defer taxes on the investment income until retirement when they may be in a lower tax bracket.

single obligation | single-premium insurance

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 5 👎
Help us make LSD better!
Tell us what's important to you
awww ty wasp :)
i have 4 (baby) cats!
16:46
Damn you know her sarcasm is meant to be scathing when she calls me by my full username and not just Renard
JumpySubsequentDolphin
16:47
@jackfrost11770: FOUR?!??
16:48
I’m only teasing Babycat ily I’ll be seeing you in [REDACTED] very very soon
YES
and they're all rescues from breeders so they're all long haired persians .... w flat faces ....
they're all runts cause breeders just ... dispose of them (:(((() so they're all super tiny
literal babies
babycat
16:49
ily2 renard99
initiallaw
16:49
omg so cute
JumpySubsequentDolphin
16:51
@jackfrost11770: IM SO JEALOUS
2big2fail
16:52
perhaps peggerdine this evening
2big2fail
16:52
but then again, perhaps not
JumpySubsequentDolphin
16:53
damn no ucla wave
16:56
Hey guys! chance me 340/340GRE- 2 years work experience at PIL and wrote compelling statements. but my masters gpa is kinda 3.1 because I was domestically abused. :p
babycat
16:59
schools mostly care about your undergrad GPA
umarrussell
17:07
whats a good GRE score
1a2b3c4d26z
17:07
100% chance at getting into a law school
umarrussell
17:07
i feel like you have to score fairly high to get in with GRE
1a2b3c4d26z
17:07
isn't 340 perfect?
1a2b3c4d26z
17:08
So i feel like they're fine
shaquilleoatmeal
17:08
If one of yall can guess what I ended up gettin at sg about an hour ago I’ll Venmo the cost of the meal😂
if when i called gtown they told me "you will 100% get a decision at the end of this week." and i DO not get a decision today. how badly am i legally allowed to crash out. like i have a feeling i ain't getting anything today 😭
1a2b3c4d26z
17:09
Crash out really hard
shaquilleoatmeal
17:09
https://imgur.com/a/rRr0oeT
1a2b3c4d26z
17:09
evol style
1a2b3c4d26z
17:09
Jk dont do that
shaquilleoatmeal
17:09
Use that bowl size to guess, I’ll give you a hit, protein fuckin packed
1a2b3c4d26z
17:09
which garmin do you have?
LSD+ is ad-free, with DMs, discounts, case briefs & more.