Understanding 15-Year Certain and Life Annuity

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

What is a 15-Year Certain and Life Annuity?

A 15-year certain and life annuity is a financial tool for post-retirement income security. It guarantees payment to you, the annuitant, for life. The “15-year certain” part means if you pass away within 15 years of the start date of the annuity, your designated beneficiaries will continue to receive payments for the remainder of the 15-year period.

How Does It Work?

When you purchase this annuity, you make a lump sum investment or a series of payments to the annuity provider. In return, the provider agrees to make regular payments to you immediately or at a future date. These payments continue for your lifetime. The unique aspect here is the 15-year guarantee, ensuring your investment benefits your loved ones in case of your early demise.

Life Annuity

Who Benefits from This Annuity?

  • Retirees Seeking Stability: Ideal for retirees who want a guaranteed income stream.
  • Risk-Averse Individuals: Suitable for those who prefer financial stability over market-based risks.
  • Estate Planning: Beneficial for individuals who want to ensure their family receives financial benefits even after passing.

Why Choose a 15-Year Certain and Life Annuity?

  • Guaranteed Income: It offers a stable, predictable income, crucial for managing living expenses in retirement.
  • Estate Planning Tool: It ensures your family receives financial support if you pass away unexpectedly for a set period.
  • Peace of Mind: Provides comfort in knowing you have a steady income and your family is protected financially.

Key Features at a Glance

Guaranteed Lifetime PaymentsPayments continue for your lifetimeIncome Security
15-Year Certain PeriodPayments continue to beneficiaries if you die within 15 yearsFamily Protection
Fixed Payment AmountConsistent payment amount throughoutBudget Planning
Non-Reliance on MarketIndependent of stock market fluctuationsRisk Mitigation


A 15-year certain and life annuity is more than just a financial product; it’s a cornerstone for a worry-free retirement. It ensures you have a reliable income stream throughout your golden years and offers peace of mind knowing your loved ones are financially secure in your absence. This annuity is smart for anyone seeking a balanced blend of lifelong income and family financial protection.

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Frequently Asked Questions

What does a 15-year certain and life annuity mean?

A 15-year certain and life annuity is a type of retirement income option. It guarantees payments for a minimum of 15 years or until the annuitant’s death, whichever is longer. This means that if the annuitant passes away within the 15-year period, their beneficiaries will continue to receive annuity payments until the 15-year mark is reached.

15-year certain and life annuity.

A 15-year certain and life annuity is a type of annuity that guarantees payments for at least 15 years or until the annuitant’s death, whichever is longer. This provides a guaranteed income stream for a fixed period and ensures that the annuitant and their beneficiaries receive payments regardless of how long they live.

Shawn Plummer, CRPC

Chartered Retirement Planning Counselor

Shawn Plummer is a Chartered Retirement Planning Counselor, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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