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Annuity Certain

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Annuity certain
An annuity that pays a specific amount on a monthly basis for a set amount 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.
annuity certain
An annuity that provides a fixed number of payments. If the annuitant dies prior to the completion of the contract, payments continue to the annuitant's designated beneficiary.
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After-Tax Income at Age 65 (Dollar) Mutual Fund: Variable Life Annuitization Age at Initial 5% Risk of Pure Life 10-Year Period Investment Outliving Assets Annuity Certain 40 $413 $804 $775 45 268 473 456 50 174 282 271 55 114 170 164 60 76 106 101 65 51 68 65 Excess After- Tax income (Percent) From Annuity Vs.
Lifetime income: Annuity vs. Mutual fund by Best's Review
 
 
 
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