Life Annuity With 10 Years Certain

What is Life Annuity With 10 Years Certain?

Life Annuity With 10 Years Certain is An annuity which pays an income to the annuitant for as long as he or she lives, but if death occurs within 10 years after the annuity payments begin, payments are continued to a named beneficiary for the remainder of the 10 years.

 

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