Period certain income annuities have set income terms, making them useful for helping to fund early retirement or prefund a loan or large life insurance policy. Immediate income annuities with a ...

Life annuity with period certain: Regular payments are guaranteed to the primary annuitant for a set period, for example, 15 years or 20 years. The contingent beneficiary receives the remaining ...

To mitigate this risk, some people choose a life annuity with a period certain. A life with period certain annuity combines the benefits of lifetime income with a guaranteed minimum payment period.

When you invest in your annuity you also choose how you want your eventual payouts to be calculated. Your options include: Income for guaranteed period (also called period certain annuity).

A "life with period-certain annuity" pays you income for life, but if you die during a specified time frame (the period-certain years), the annuity will pay your beneficiary the remainder of your ...

During your lifetime, you'll collect the biggest monthly check with a 50 percent annuity and the smallest amount with a 100 percent contract. A period-certain-and-life annuity pays your ...

Or, you might select a certain payout period, such as 10, 15 or 20 years, for receiving monthly payments. If you purchase a life annuity, the annuity provider sends payments for as long as you live.

As income annuities guarantee payments for a defined period of time – what the insurance industry calls “period-certain annuities ... will be guaranteed for life,” Lakin notes.

The income payments may span a set period of time or your entire life, depending on your ... however. Because annuities offer certain tax advantages, you face the same kind of early withdrawal ...

Not surprisingly, the monthly payout will be higher with a single-life annuity than if you opt for the joint-and-survivor benefit, because the expected payment period is longer. Contact the folks ...

One can add a second life or a minimum guaranteed option to the annuity to ensure that there is income for your spouse or ...