annuity certain definition
annuity certain means an annuity where the duration of periodic payments is pre-determined and does not depend on the death or survival of the policy owner;
annuity certain means an annuity contract where the duration of periodic payments is predetermined and does not depend on the death or survival of the policy owner;
annuity certain. This product secures payment for a specified period regardless of whether you as the annuitant are alive or not. In the unfortunate event of your demise before the expiry of the specified period, the periodical payments continue to be made to your nominated beneficiary(ies). It is important to note that due to increased life expectancy, this option may not be appropriate for you as a retiree as you may live longer that the selected period.