Annuitization Options

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • annuitize
  • capital benefits
  • subsidization preference
  • draw options

Definition of Annuitization Options

  1. While in the process of annuitizing a retirement plan or annuity, one can choose from a wide range of differing options including the time frame for payment and the list of beneficiaries.

Related Terms and Acronyms

  • Reverse Mortgage Definition, Important,
    • A loan that allows an older homeowner to convert built-up equity into cash. The loan comes due when the owner dies, sells the house or moves out.
  • Annuity Definition,
    • A financial instrument that disperses a number of payments over a set period of time.
    • A regular periodic payment made by an insurance company to a policyholder for a specified period of time.
  • Annuitization Definition,
    • The process of turning a retirement plan or annuity into income in the form of periodic payments or a single lump sum.
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