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 ...

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 ...

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 ...

The age 75 rule could shape how you buy or use an annuity. Here's what to know before it impacts your strategy.

An annuity is a way to achieve lifetime income in retirement, but you need to understand how this product works before making ...

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

Period-Certain Or Term-Certain Annuity With a period-certain or term-certain annuity, you select a fixed period to receive payments, such as 10, 15 or 20 years.

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

With an income annuity, you select the time period for receiving the Income. • Life only option. As indicated by the name, life only pays as long as you are alive.

An alternative format is known as a fixed-period annuity, which provides income for a specified period of time, such as 10 years. In addition, if the contract offers it, the owner of a life ...

Term-certain annuities pay out for a fixed period, like 10 years, regardless of gender. Life annuities, however, may offer lower payouts for women, considering their longer life expectancy.