Definition
Life insurance and annuity rights consist of financial rights that life insurance policyholders and annuity beneficiaries have with companies that offer life insurance.
Further information
Life insurance and annuity rights fall under category 6.2 of the financial instruments classification, according to the European System of Accounts 2010, and are part of category 6, ‘Insurance, pension, and standardized guarantee schemes’
Classification of financial instruments (European System of Accounts 2010).
Related concepts
References
- Sixth Edition of the IMF’s Balance of Payments and International Investment Position Manual.
- European System of Accounts 2010. Interactive version.
Update date: January 2025
