Term Certain Annuity

A term certain annuity is an insurance product that guarantees a periodic payment of a predetermined amount for a fixed term.

Term certain annuity. Start receiving monthly income now or. The purchase of a nontransferable fixed variable installment-Contract of such type and from such insurer as Trustee shall select payable over a guaranteed term of five 5 ten 10 or fifteen 15 years to the Participant. The income you receive from the annuity is guaranteed for the time period that you specify.

A period certain annuity is a contract that lets you choose when and how long youll receive payments. What is a term certain annuity. The normal form of payment is a single life annuity and the elected form of payment is a 25-year term certain annuity.

This type of annuity provides income for a specified period of time chosen at the time of purchase. A term certain annuity ensures Art and Roberta can share in the pleasure of the ongoing gifts to their daughter in a manner they can control. Once the last payment is made the contract expires and no further payments are made.

The term certain annuity also allows them to reduce the future value of their estate after they die. With this investment you pay a certain amount of money over time or in a lump sum. The main advantage that comes with the term certain annuity is that it can provide you with a stable income during your retirement years.

Female Term Certain Annuity Rates. A non-registered life annuity is tax-efficient because only the interest portion is taxable. No further payments are made after the term ends.

At that point the annuity will provide you with a monthly payment. An annuity certain is an investment that provides a series of payments for a set period to a person or the persons beneficiary or estate. The payments shall be substantially equal in amount and shall occur at least annually.