Lifetime income with Term Guarantee in which the income is received for a chosen guaranteed period of five years / ten years / fifteen years or twenty years. (policybazaar.com)
Once the initial rate guarantee period expires, you have the option to renew for the same period of time. (autoclubsouth.aaa.com)
2 The Contract will automatically renew to the 3 - year Guarantee Period, unless otherwise notified. (brighthousefinancial.com)