Defined terms for the annuity market and lifetime income landscape.
A period certain annuity is an arrangement under which the insurer makes scheduled income payments for a contractually specified fixed period, with payments continuing for the full period regardless of whether the contract owner survives, and ceasing at the end of the period regardless of whether the contract owner is still living. Why it matters The period certain annuity is a fixed-term cash flow arrangement rather than a lifetime income claim — payments are guaranteed for a spe
