Annuity designed to deliver specified periodic payments over a guaranteed amount of time. Payments may be immediate or deferred. Also called an annuity certain.
A predetermined amount of time during which a participant receives allowable distributions from an ira. A period certain may be any length of time so long as the period is less than the participant's life expectancy. The longer the period of payments, the less each payment amounts to.... read full article
The stated period over which an insurer makes periodic benefit payments under an annuity certain. See also annuity certain.
The stated period over which the insurer will make benefit payments under an annuity certain.
An annuity policy which assures a minimum number of annuity payments to the annuitant (or beneficiaries).
Annuity designed to make payments for guaranteed period of time. Payments may be made periodically such as monthly or annually. Payments may also be made immediately or deferred, i.e. beginning 05/01/1995, $1,000 per month for 5 years certain. Also known as period certain.
Refers to the payout option on an annuity that will provide a guaranteed installment income for a specific number of years, e.g. 10 years or 20 years. If the annuitant dies during this specified time period, the beneficiary will receive the remaining payments.
A specified time during which an insurer unconditionally guarantees that benefit payments will continue under a settlement option or annuity.
An annuity payout option which assures a minimum number of annuity pay- ments to the annuitant (or beneficiaries).