A type of annuity contract which provides periodic income payments for a specified number of years. (trustage.com)
The payment method selected for an annuity by the annuitant to receive a series of periodic income payments. (trustage.com)
Relying on only one product or category, such as mutual funds held in IRAs and 401 (k) s, may not allow people to maximize periodic income payments, maintain liquidity for emergencies, satisfy their legacy needs, and sustain payments for a lifetime. (brighthousefinancial.com)