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Life annuity with period certain

• A life annuity which promises that if the annuitant dies before the end of a designated period (usually 5, 10, or 20 years), the insurer will continue payments until the end of the designated period. Also called a life income with period certain annuity.

 
 

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 Embedded terms in definition
 Annuitant
Annuity
Income
Life annuity
Period certain
Will
 
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