A supplemental contract providing income for a specified number of years. If the annuitant dies before the end of the certain period, benefits are paid to the beneficiary for the remainder of the period.
A type of annuity contract that pays periodic income benefits for a stated period of time, regardless of whether the annuitant lives or dies. Also known as period certain annuity. Contrast with straight life annuity. See also payout options. TO TOP
A monthly annuity paid for a specific number of months only, rather for the annuitant's lifetime. A WRS annuity certain can only be paid from voluntary employee additional contributions, and is available for a period of 24 to 180 months.