- Annuitization is the process of converting an annuity investment into a series of periodic income payments.
- Annuities can be annuitized for a fixed period or for the life of the annuity recipient.
- Annuity payments can only be made to an annuity recipient or an annuity recipient and surviving spouse in a cohabitation arrangement.
- Annuitants can arrange for the beneficiaries to receive a portion of the annuity balance after their death.
- Accumulation Phase
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- The accumulation phase refers to the period of a person’s life during which he saves money for retirement.
- Annuitant
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- An annuitant is an investor or beneficiary of a pension plan who is entitled to regular pension payments or annuity investments.
- Annuity
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- Annuities are financial products that offer a guaranteed income stream, typically for retirees.
- Annuity Due
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- An annuity payment is an annuity that must be paid immediately at the beginning of each period.
- Annuity Table
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- An annuity table is a tool used to determine the current value of an annuity.