Commuted cash value
From Infogalactic: the planetary knowledge core
Lua error in package.lua at line 80: module 'strict' not found. Commuted cash value refers to the present value of an annuity after annuitization. This differs from typical cash value; if a commuted cash value is stipulated in an annuity contract, this allows the owner of the annuity to cash the contract in, even after annuitization.[1]
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
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