Advertising

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.

 
 

Follow this link for all the terms related to annuity.

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

<< Life annuity Life expectancy >>

What Happens If a Bank Fails?: How the FDIC protects depositors, including providing quick access to insured funds. More...

Even if you're on the right track, you'll get run over if you just sit there. - Will Rogers

Advertising



Copyright 2009-2019 GVC. All rights reserved.