Click here to add us to your favorites




annuity certain

Definition

Annuity that, as a minimum, guarantees a fixed number of payments. It continues over the life of the annuitant, even if he or she lives beyond the number of payments specified in the annuity contract. In case the annuitant dies before exhausting the payments, a named beneficiary continues to receive the remaining number. Also called life annuity certain or life annuity certain and continuous.

annuity certain is in the General, Marine, & Life Insurance and Investing subjects.

This content can be found on the following page:

http://www.businessdictionary.com/definition/annuity-certain.html

Search for another term


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z