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group annuity

American  

noun

Insurance.
  1. a plan in which the members of a group, usually employees of the same company, receive annuities upon retirement.


Example Sentences

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BlackRock’s LifePath Paycheck invests in group annuity contracts for participants ages 55 and older.

From The Wall Street Journal Dec. 3, 2025

The U.S. weapons maker has purchased group annuity contracts from Athene Holding Ltd and will transfer pension obligations and related plan assets for about 18,000 U.S. retirees and beneficiaries to the retirement services provider.

From Reuters Aug. 3, 2021

GM will spend $3.5 billion to $4.5 billion to create a group annuity at Prudential and to offer the buyouts.

From BusinessWeek Jun. 28, 2012

Hewitt Ennisknupp, an Aon unit, estimated there were about 200 single premium group annuity deals done last year, worth about $900 million -- just one-third of what had been done even four years previously.

From Reuters Jun. 11, 2012

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