The period certain option with a life annuity can manage longevity risk, since you’ll always receive payments. Conversely, premiums for this kind of annuity may be more expensive.

Period certain is an annuity option that allows the customer to choose when and how long to receive payments, which beneficiaries can later receive. This is unlike the more conventional life ...

You can also use an annuity contract to schedule payments from a structured settlement or a large financial windfall, such as a lottery payout. A period certain annuity lets you choose … ...

Accordingly, he does not elect the 10-year period certain combined with his life annuity. Example 3: The same facts apply as in Example 1, except that shortly before he retires your client is found to ...

Annuities are a financial product meant to protect against longevity risk, or the possibility of outliving your money in retirement. You hand over a lump sum or series of payments to an insurance ...

For example, choosing a life annuity with a 10-year period certain means your annuity will pay you for life, but if you pass away after five years, your beneficiaries will receive payments for the ...

- Life Annuity with Period Certain. This option provides guaranteed income for the life of the beneficiary with a guaranteed payout for a specified period even if the beneficiary dies early.

If you die before this "period certain" is up, your beneficiary will receive the remaining payments. •You receive payments from the annuity for your entire lifetime.

An annuity can provide a steady and reliable stream of income in your retirement years. The three common types have varying ...

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