What is the Definition of Term Certain Annuity?

What is the Definition of Term Certain Annuity?

A form of annuity that pays out over a fixed period rather than when the annuitant dies.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Term Certain Annuity?

You can find random definition and meaning of insurance terms below:


What is the meaning of Modified Guaranteed

an annuity that contains a provision that adjusts the value of withdrawn funds based on a formula in the contract. The formula reflects market value adjustments.


What is the meaning of Member

A person who has enrolled as a subscriber or an eligible dependent of a subscriber and for whom the health organization has accepted the responsibility for the provision of health services as may be contracted for.


What is the meaning of Moral Hazard

personality characteristics that increase probability of losses. For example not taking proper care to protect insured property because the insured knows the insurance company will replace it if it is damaged or stolen.


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