Period certain

• The stated period for which the insurer guarantees to make benefit payments under an annuity contract.

• Refers to an annuity which guarantees a minimum number of periodic payments.

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Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...

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