Life Income With Period Certain


Definition of "Life income with period certain"

Annuity payments that continue for the life of the annuitant; should the annuitant not survive a stated period, the payments are then made to a beneficiary until the stated period ends.



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What do I need to know about Whole Life Insurance? What is an annuity? What do I need to know about Renters Insurance, and what does it cover? What is a negative amortization? What is a fixed-rate mortgage?