Certain Annuity
Updated: 20 October 2024
What Does Certain Annuity Mean?
A certain annuity is a policy in which the annuitant determines both the duration and the scheduled payout.
Insuranceopedia Explains Certain Annuity
A certain annuity allows the annuitant to choose the number of years over which they will receive payments, or be annuitized. If the annuitant passes away during the payout period, the remaining funds are paid to their beneficiary or estate.
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