A type of annuity that provides fixed periodic payments for a pre-specified period of time, rather than for an undetermined duration such as the lifetime of the recipient. This type of annuity is not well suited for retirement income, since the recipient may outlive the duration of the annuity.
Related information about term certain annuity:
- Term Certain Annuity Definition | Investopedia
An insurance product that guarantees a periodic payment of a predetermined amount for a fixed term. Once the term has elapsed, these products are spent and ...
- What is a Term Certain Annuity? | Money Manager
Jun 7, 2010 ... A term certain annuity is an insurance product which is designed to provide a person with predetermined payments over a designated period of ...
- Annuity Terms - Annuities Offer Terms Such as Life-Only, Joint Life ...
A ten year term certain annuity payout means that payments are guaranteed to be ... You could consider purchasing a five year term certain annuity to provide ...
- Term Certain Annuity - Financial Dictionary - The Free Dictionary
An annuity that makes payments (either monthly or in a lump sum) to the annuitant only for a certain period of time. A term certain annuity guarantees these ...
- Term Certain Annuity: Definition from Answers.com
Term Certain Annuity An insurance product that guarantees a periodic payment of a predetermined amount for a fixed term.
- Term Certain Annuities | UsInsuranceOnline.com
A term certain annuity is an annuity in which the annuity is paid over a predetermined period of time. An annuity is a contract purchased with a specified amount ...
- Single Life, Joint Life and Term Certain Annuities - RBC Insurance
Term Certain Annuity: Guaranteed income for a set period of time, or until you reach a certain age. All RBC® Payout Annuities can be purchased with funds from ...
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