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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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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