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.

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 ...

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 ...

Period Certain Immediate Annuities A period-certain annuity, or fixed-period annuity, pays benefits for a pre-determined amount of time, typically between five and 30 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.

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.

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.