Commuted cash value

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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]

[edit] References

  1. ^ 19.25.30 Annuities. Health Care Programs Manual. Minnesota Department of Human Services (2006-12-01). Retrieved on 2008-05-05.
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