A
payout annuity is a type of financial product that provides a regular income to a person for a set period of time or for the rest of their life. It works by paying out a fixed amount of money on a regular basis, typically monthly or annually. This can give people security and peace of mind because they know they will receive a steady stream of income, even after they retire.
Full definition
Synonyms for individual words can be found below.
«payout»
«annuity»
Sentences with «payout annuity»
- The scenario I've described pretty much explains how an immediate annuity — or an income or payout annuity as it's sometimes known — works, with some important differences. (realdealretirement.com)
- For example, a lifetime payout annuity's payments end after you die. (gobankingrates.com)
- The scenario I've described pretty much explains how an immediate annuity — or an income or payout annuity as it's sometimes known — works, with some significant differences. (realdealretirement.com)
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