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annuitize

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
Annuitize
To commence a series of payments from the capital that has accumulated in an annuity. The payments may be a fixed amount, for a fixed period of time, or for a lifetime.
annuitize
To convert a sum of money into a series of payments. For example, an investor may pay a sum of money in return for a lifetime series of monthly payments.
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Elam observed that people are increasingly turning to annuities for income, and much of that is going on without having to annuitize.
Fencing in the risk: medically underwritten immediate annuities are ... by Panko, Ron / Best's Review
55% * Be based on the higher of actual account values at the date the policy owner elects to annuitize or a contractually specified amount.
Official releases: FASB No. 132 ... SOP 03-4 ... SOP 03-5 by Journal of Accountancy
The premium pension system allows Swedes to keep their funds in their PPM-sponsored portfolios rather than annuitize upon retirement.
Design and implementation issues in Swedish individual pension ... by Weaver, R. Kent / Social Security Bulletin
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