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.
An annuity that is payable for a specified period of time, without regard to the life or death of the annuitant.
An annuity that pays income for a fixed number of years regardless of whether the insured lives or dies. If it pays for life after the certain period, it is called an "annuity certain and for life thereafter." (AN)
Annuity designed to deliver specified periodic payments over a guaranteed amount of time. Payments may be immediate or deferred. Also called a period certain.
contract that provides an income for a specified number of years, regardless of life or death.
An annuity that provides a benefit amount payable for a specified period of time regardless of whether the annuitant lives or dies.
A contract providing income for a definite and specified period of time, with payment going to a designated beneficiary if the annuitant dies prior to the end of that period.
A contract that provides an income for a specified number of years, regardless whether living or deceased.
An annuity that is payable for a stated period of time, regardless of whether an individual lives or dies.
A contract that provides payments for a specified number of years, regardless of life or death of the annuitant
One of the two major classifications of annuities. Any series of payments made at regular intervals for a specified period of time without reference to the life or death of the individual (s) concerned. Life insurance companies do not sell annuities certain.
A series of regular payments made for a specified number of years.
Annuity designed to make payments for guaranteed period of time. Payments may be made periodically such as monthly or annually. Payments may also be made immediately or deferred, i.e. beginning 05/01/1995, $1,000 per month for 5 years certain. Also known as period certain.
An option in an annuity contract where the annuity owner selects a future level payment of income covering a specified number of years, generally ten years. If the annuitant predeceases before the expiration of the annuity payments, the remaining obligation is transferred to the designated beneficiary in the annuity contract.