What is an Annuity Period?

Shawn Plummer

CEO, The Annuity Expert

What does the annuity period mean? An annuity period is a fixed time you will receive payments from an investment. This guide outlines the specifics of annuities and the difference between an annuity and a pension plan.

What is the Annuity Period?

The annuity period is when an annuity pays out to an annuity holder through annuitization. The annuity period can last a specific amount of time or last for the rest of a person’s life.

What Does An Annuity Protect The Annuitant Against

Payout Options During The Annuity Period

During the annuity period, an annuitant settles the funds in the annuity in periodic income payments under various settlement options that include:

  • Life Annuities: A life annuity is a fixed-income contract in which an insurance company commits to paying income payments throughout the annuitant’s lifetime.
  • Joint and Survivor Annuities: A joint and survivor annuity is a life annuity (two lifetimes) that provides income to the last surviving covered individual until death.
  • Refund Annuities: A refund annuity is a contract that guarantees that a particular amount will be paid, no matter when the annuitant passes away.
What Is An Annuity Period

next Steps

If you’re looking for a fixed payment plan that will last for a specific number of years, an annuity might be the right investment for you. Annuities provide peace of mind and can be helpful if you’re worried about outliving your retirement savings. We hope this guide has answered all of your questions about annuities and given you a better understanding of how they work. Contact us today to find the perfect annuity plan for you!

Annuity Period

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Frequently Asked Questions

Which of the following best describes what the annuity period is

The “annuity period” is the time during which accumulated money is converted into an income stream.

Which of the following is true regarding the annuity period

The annuity period is the time when an annuity actually pays out to an annuity holder.

Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

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

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