annuity
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 312 U.S. 531 - Helvering v. Le Gierse · 1941Most cited · 453 citing opinions
annuity and insurance are opposites; in this combination the one neutralizes the risk customarily inherent in the other. From the company's viewpoint, insurance looks to longevity, annuity to transiency.
How often courts cite the cases defining “annuity”
Court decisions citing the 2 opinions that defined “annuity” — 498 in all, by decade. Counts are citations to the defining cases as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.
All 2 definitions, chronological · 1936–1941
The right to receive disability benefits in the future does not differ from any other right acquired before adjudication to receive money thereafter. It is in essence an annuity purchased and paid for prior to the adjudication.