What is ANNUITY CERTAIN?

An annuity that promises a fixed number of payments over its lifetime. This is true if the party lives past the payment number required. If they die a beneficiary gets the payments until the contract is fulfilled. AKA life annuity certain and life anniuty

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Related Legal Terms
ANNUITY DEATH BENEFIT, CASH REFUND ANNUITY, ANNUITY, LIFE INCOME WITH PERIOD CERTAIN ANNUITY, FIXED ANNUITY, REFUND ANNUITY, SURVIVORSHIP ANNUITY, LIFE ANNUITY, ANNUITY IN ADVANCE, PERPETUAL ANNUITY


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