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Life Income with Period Certain |
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Life Income with Period Certain An annuity in which the annuitant receives payments for the remainder of his/her life. If the annuitant dies before a stated period of time has elapsed, payments continue to be made to a designated beneficiary until the completion of that period. As with all annuities, the annuitant must purchase it before payments are made, either by a lump sum or periodic payments made through one's working life. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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