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Annuitization |
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Annuitization The process of converting an annuity investment into a series of periodic income payments. Annuities may be annuitized regularly, over a long or short time period, or in some cases, in one single payment. Notes: After an annuity has been through the process of annuitization, the investment is said to have been annuitized. Annuitized investments are not necessarily paid out completely to the beneficiaries. Depending on the terms of the annuity policy, some of the money could go to the person's estate, to a trust or to the insurance company, for example. |
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That should not be surprising, given that annuitization rates have hovered in the low single digits for decades. The annuitization phase of a contract is separate and distinct from and cannot be accounted for as a continuation of the accumulation phase, even if annuitization is in accordance with terms fixed in the original contract. There are three qualifying methods to compute the payments: required minimum distribution; fixed amortization; and fixed annuitization. |
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Annuitization
