Life Annuity Certain for 20 Years: On death death of annuitant during the first 20 policy years, annuity is payable till the end of this period to the nominee / legal heir. (comparepolicy.com)
This annuity will provide a guaranteed (by the issuer only) income for the life of the annuitant where payments typically start one month after purchase. (investopedia.com)
Fixed annuities are contracts in which the insurance company makes fixed dollar payments to the annuitant for the term specified in the contract, usually through the lifetime of the annuitant. (fiainsights.org)