period certain annuity An annuity can provide predictable, guaranteed income in retirement. You can also use an annuity contract to schedule payments from a structured settlement or a large financial windfall, such as a lottery payout. A period certain annuity lets you choose when an how long you’ll receive payments. Here’s how it works.
Annuity Payout Option Basics
When you purchase an annuity, you pay an insurance company a set amount of money. In return, the insurance company pays the money back to you in the form of annuitized payments . The type of annuity you choose determines when […]
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