Definitions for "Annuity Certain"
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 whose payments may be made on a monthly, quarterly, semi-annual or annual basis to the annuitant wherein all the payments are guaranteed to be made irrespective of the survival of the annuitant.
An insurance contract that provides an annuity for a certain number of years, irrespective of whether the insured is alive or dead.
Keywords:  consideration
Annuity Consideration
Keywords:  factor, due
Annuity due Annuity factor