An annuity with a specified set of terms and conditions which guarantees payments throughout the annuitant's life. If he or she dies before the end of the term, the beneficiary will continue to receive the payments on the annuitant's behalf. This annuitization option helps the annuitant to have a life-long income guarantee.
Related information about life with guaranteed term:
- Life With Guaranteed Term Definition | Investopedia
An annuitization-method option with which the annuitant chooses to receive regular income payments that are guaranteed to last the rest of his or her life but ...
- Life with Guaranteed Term - Financial Dictionary - The Free Dictionary
A type of annuity where the annuitant receives income payments from the annuity for the rest of his life and receives income for a certain number of years even if ...
- Everything You Need to Know about Getting Income from Your - SAFE
Life with Guaranteed Term ... The life-with-guaranteed-term option provides an income stream for life (like the life option), so it pays you for as long as you live.
- Annuities | The USAA Educational Foundation
The life with guaranteed term option, which provides a lifetime income stream with payments guaranteed to continue for at least a specific term, such as 10 years ...
- Variable annuities - The USAA Educational Foundation
The life with guaranteed term option, which provides a lifetime income stream with pay- ments guaranteed to continue for at least a specific term, such as 10 ...
- Understanding Annuity Payout Options - Financial Web
Life with Guaranteed Term. This option provides you with a guaranteed source of income for life. However, if you pass away relatively quickly, your annuity will ...
- Annuity Payment Options | eHow.com
Single Life with Guaranteed Term ... Usually this option will result in payments to the annuitant that are lower than the single life with guaranteed term option.
- Annuities - Newhouse Financial
Life with Guaranteed Term. This is a popular option because it provides income for life, but payments are guaranteed for a minimum period of time, such as ten ...