An annuity that guarantees a beneficiary will receive payments if the annuitant is no longer living. If the annuitant survives past the number of determined payments, income is guaranteed for life. This would eliminate payments to the beneficiary. Also called certain annuity.
Related information about certain and continuous:
- Certain And Continuous Definition | Investopedia
A type of annuity that guarantees a number of payments, even if the annuitant dies.If the annuitant passes away during the guaranteed period, a specified ...
- life annuity certain and continuous Definition | Business Dictionaries ...
annuity guaranteeing a given number of income payments whether or not the annuitant is alive to receive them. If the annuitant is living after the guaranteed ...
- Plan C Period Certain and Continuous - CT.gov
Plan C Period Certain and Continuous. Under this plan you agree to take a reduced benefit during your lifetime with a certain number of payments guaranteed.
- What is annuity certain? definition and meaning
... the payments, a named beneficiary continues to receive the remaining number. Also called life annuity certain or life annuity certain and continuous.
- Subpart G—Certain-and-Continuous and Similar Annuity Payments ...
The following examples show how the rules in §§4022.101 through 4022.103 and 4022.91 through 4022.94 apply in the case of a certain-and-continuous ...
- Retirement Options
The 5, 10, 15 & 20 Year Certain and Continuous Annuities provide the participant who purchases the annuity with a lifetime benefit. If the payments made have ...
- PBGC Benefit Payment Options, Annuities for Trusteed Pension Plans
No survivor benefit will be paid after your death. a 5-year, 10-year or 15-year certain-and-continuous annuity that provides you with fixed monthly benefit ...
- Immediate Annuities Explained
... specified period (e.g. 5 or 10 years or more) to a designated beneficiary (" Certain and Continuous" annuity); or (3) when the annuitant wants to make sure that, ...