Life Annuity With Period Certain at Life

Life Annuity With Period Certain. Joint life annuity with period certain : A life annuity with period certain provides lifetime payments for one person with guaranteed income for a specified number of years.

What is a life annuity with period certain annuity. What is the definition of life annuity with period certain? A life annuity with period certain is characterized as a.

Life Insurance Functions, Characteristics, Types, and

Life annuity with period certain. Single life annuity with period certain: Of course, because of this guarantee, a lifetime annuity with a period certain will cost more (i.e., will require a higher premium) for a given level of income than you would have to pay for a lifetime annuity without a period certain. Guaranteeing a minimum interest rate c.