Annuitization

Annuities Retirement Planning Financial Terms Dictionary

Contents

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.