No. of Recommendations: 4
Either aj485 doesn't know what "period certain" annuities are

I do know what "Period Certain" annuities are. I also know what "Life" annuities are. They can be combined, but do not have to be. If the title of the annuity just specifies "Period Certain" and not "Life, Period Certain" then it's only "Period Certain". That's what the quote Hawkin shared said, at least the way it was shared - there was no "Life" in the title. Now, it could be that Hawkin just didn't copy the whole title in. But if the whole title was copied in, then it's just a "Period Certain" annuity, and not a "Life, Period Certain" annuity.

If you want 3rd party confirmation that "Period Certain" means that the annuity will only pay for a specific timeframe, here's some information from Investopedia https://www.investopedia.com/terms/p/periodcertain.asp

Breaking Down Period Certain
By selecting the period-certain annuitization option, the annuitant is usually able to receive a higher monthly payment than with a life option. This extra income comes with a price, though; the risk that the annuity payments will run out before the annuitant's death (longevity risk). For example, say a 65-year-old annuitant decided to start receiving payments from his or her annuity and chose a 15-year period-certain payout option. This would provide him or her with a retirement income until the age of 80. Should the annuitant die at or before age 80, this option would not present a problem, but should he or she live longer than 80 years and not have another source of retirement income, this option could prove risky.


Investopedia then goes on to describe "Period Certain vs. Life" as well as a 'hybrid' product that combines "Period Certain" and "Life"

Period Certain vs. Pure Life Annuity
A pure life or lifetime annuity pays a benefit to the annuitant until death. The deceased's estate or beneficiary will receive no benefits after that point. With such an annuity, there is no risk of outliving the retirement income they provide. By choosing a period certain option in a life, guaranteed or certain annuity the annuitant can specify when the benefit will start and how long it will last to tailor it to their retirement and estate planning needs, as well as their lifespan expectations. With a period certain option the deceased annuitant's estate or beneficiary may still receive annuity payments until the timeframe specified within the period certain expires. Common periods for a period certain annuity are 10, 15, or 20 years.

Period Certain Plus Life Annuity
A hybrid product combines a period certain annuity with a life annuity and is called 'Income for life with a guaranteed period certain benefit' (also referred to as 'life with period certain'). This strategy provides a guaranteed payout for life that has a period certain phase. If the customer (annuitant) dies during the certain period phase, their beneficiary receives the remainder of payments for that period.


AJ
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