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GLOSSARY
Canadian Financial, Real Estate and Mortgage Glossary
How often this word is used
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50% - Moderately
50% - Moderately
Annuitization Options
Synonyms: | annuitize, capital benefits, draw options, subsidization preference |
Filed Under: | annuities, estate-management, financial-banking, investments |
Tags: | annuity, banking, investment |
Definition of annuitization options
- 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:
- annuitization The process of turning a retirement plan or annuity into income in the form of periodic payments or a single lump sum.
- annuity A financial instrument that disperses a number of payments over a set period of time.
- reverse mortgage 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.
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