Annuities

Annuitant
An annuitant is a financial beneficiary who collects regular payments from an annuity or pension.
Annuitization
The process of converting an annuity into a series of periodic income payments.
Guaranteed Death Benefit
A safety net ensuring that beneficiaries receive value from an annuity, even if the annuitant departs early.
Hybrid Annuity
A financial instrument that combines both fixed-rate and variable-rate components for retirement income.
Immediate Payment Annuity
An Immediate Payment Annuity is a financial product that provides guaranteed income almost immediately after purchase.
Indexed Annuity
An Indexed Annuity is a contract that bases its interest on a market index, offering growth potential without the investment risks.
Joint and Survivor Annuity
A financial product that ensures retirement income for couples, continuing until the last spouse passes away.
L Share Annuity
A financial term referring to a class of variable annuity designed for earlier access to withdrawals with shorter surrender periods.
Variable Annuitization
Annuity payments that can vary based on investment performance - where the only thing fixed is the uncertainty of your future earnings!

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