What is the definition of Income for a Guaranteed Time Period Annuity?
An annuity income option that guarantees payments for a specific time period, usually from 5 to 30 years. If the annuitant dies before all payments have been made, the owner (or beneficiary if the owner is deceased) will receive the balance of payments for the rest of the guaranteed period. Contract owners may be able to choose fixed or variable payments, depending on the annuity.
Related Questions
- If an NRI plans to return to India, for how long will he/she be considered a Non – Resident Indian? And for what time period will his income from investments not be taxed?
- How long do Birkenstocks last? Are they guaranteed for any period of time?
- As an M/WBE firmam I guaranteed payment after a certain period of time?
