Period-certain annuity

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Period-certain annuity

An annuity that provides guaranteed payments to an annuitant for a specified period of time.

Period-Certain Annuity

An annuity in which the annuitant selects a certain number of years during which he/she will receive payments. For example, an annuitant may elect to receive annuity payment each month for 20 years. This allows the annuitant higher payments each month, but it is nevertheless less common than life annuities, which provide payments for the remainder of the annuitant's life. Using period-certain annuities as retirement packages may appeal to persons who do not expect to live the full term of the annuity and/or persons who have another source of income (such as another annuity) in retirement.
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The healthy spouse purchases a five-year period certain only SPIA ($200,000 deposit) and receives about $3,200 per month (this type of annuity pays for 60 months, then stops).
5 percent AIR, they can get a joint and survivor life (75 percent continuation) IVA with a 10-year period certain that pays $514.
Last week the Government announced the tax on unleaded petrol would be cut by 2p a litre from Budget Day until June, a period certain to cover the election campaign.
It is also alleges that during the Class Period certain insiders at the Company sold tens of thousands of shares of PGEX stock at artificially inflated prices for proceeds of over $1 million.
Another SCRA provision would extend the period certain testamentary and grantor trusts may own S stock from 60 days to two years.
The complaint alleges that during the Class Period certain of the Company's executive officers and directors issued materially false and misleading information regarding the Company's financial condition and revenue.
Warshawsky first envisioned a combo product, he grafted LTCI onto a life income annuity with a period certain.
A's excess retirement accumulation is determined as follows: $2,000,000 minus the greater of (1) $600,000 or (2) the present value of a period certain annuity of $148,500 a year for 16 years (A's life expectancy).
During the Amendment Period certain provisions of the Agreement are modified and include: an increase in the amount of the Commitment from $20,000,000 to $40,000,000; elimination of the Leverage Ratio covenant and Clean-Up Requirement (each as defined in the Agreement) and computation and payment of interest on a quarterly basis.
The complaint alleges that during the Class Period certain athenahealth insiders profited by more than $7.
The complaint alleges that during the Class Period certain officers and directors of CRIIMI MAE -- a commercial real estate investment trust -- violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, by among other things, misrepresenting CRIIMI MAE's true financial condition and operating performance.
Income for life of the beneficiary with a 10-year period certain, whichever is longer