Retirement PlanningDiversification IRA Transfer Fiduciary Duty Coverdell Education Savings Account Money Purchase Plan Definition Individual Retirement Accounts (IRAs)
Term Certain Payment Option
An annuitant may choose from various options for payment, including the term certain option. With this selection, payments will continue for the minimum of either the number of years specified or the annuitant's lifetime. For instance, if a 10-year term certain annuity is chosen and the annuitant passes away after six years, payments will continue for four more years. This option differs from a life annuity or joint and survivor annuity.
Related terms
Understand the meaning and definition of Diversification in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of IRA Transfer in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Fiduciary Duty in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Coverdell Education Savings Account in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Money Purchase Plan Definition in the context of stock market, trading, and investments.
MOREUnderstand the meaning and definition of Individual Retirement Accounts (IRAs) in the context of stock market, trading, and investments.
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