New Mexico Statutes 59A-7-7. Variable life and annuity
Current as of: 2024 | Check for updates
|
Other versions
Variable life and annuity includes: A. variable deferred annuity;
Terms Used In New Mexico Statutes 59A-7-7
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
B. variable immediate annuity; C. variable life; and
D. similar products relating to variable life and annuity matters.