TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

ANNUITY ISSUER [1 record]

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Record 1 1990-09-17

English

Subject field(s)
  • Annuities (Insurance)
  • Investment
CONT

After a few years of success, the single-premium annuity business is experiencing difficulties, and the primary reason is troubles of Baldwin-United. Recently, the situation was exacerbated when Merrill Lynch announced that as of December 1, 1983, it would stop selling SPDAs issued by Charter Security Life and 4 other life insurers because they did not meet Merrill's standards. The ultimate result is that consumers have been jittery over the financial condition of annuity issuers.

French

Domaine(s)
  • Rentes (Assurances)
  • Investissements et placements
Key term(s)
  • service d'émission de rentes

Spanish

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