Term Certain Annuity

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Term Certain Annuity

An annuity that makes payments (either monthly or in a lump sum) to the annuitant only for a certain period of time. A term certain annuity guarantees these payments for the term but ceases payments if the annuitant is still alive when the policy expires. While these may be a useful part of a larger retirement plan, term certain annuities could leave the annuitant with no income at all if they form the entirety of one's retirement. See also: Life Annuity.
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Congress created a safe harbor pursuant to which certain annuities are not considered resources for purposes of Medicaid eligibility.
In New York, however, New York State Insurance Department Regulation 187 (11 NYCRR 224), which became effective on June 30, 2011, does not require that insurance agents take a four-hour general course on annuities, but it does require that insurance agents take individual, product-specific training before recommending certain annuities to clients.
The lawsuit claims the insurers are liable to policyholders with certain annuities or life insurance policies for fraud and breach of duty because the insurers invested with so-called Madoff feeder funds.
Period certain annuities promise to make payments for a stipulated period, such as 5, 10, or 20 years, or for the annuitant's life, whichever is longer.
Perhaps the time has come for life insurers to consider reducing fees on certain annuities, such as variable immediate annuities, with the reduction funded by lower distribution costs.
insurance companies should consider taking the position that certain annuities payments should be sourced based on the residence of the recipient of the payments.
In the past, certain annuities were protected from being assessed for repayment to Medi-Cal, said Keith Parsley, a staff analyst at the California Partnership for Long-Term Care.
These investments include mortgage-backed securities, some municipal bonds and certain annuities.
Certain annuities allow their owner to invest in a wide variety of investment portfolios that can include stocks, bonds or other securities.
Imperial Structured Settlements is a specialty finance company that purchases structured settlement payment rights and certain annuities from individuals.
The Pension Protection Act of 2006 enabled certain annuities to have an "income-doubler" that will enhance your guaranteed income payout by a factor of two for up to five years when qualifying long-term care is needed.