Payment Certain
Definition of "Payment certain"
Phrase used to describe a method of annuity payout that guarantees a specified number of years, regardless of whether an annuitant remains alive.
Popular Insurance Terms
Claim against property for payment of taxes. Life insurance proceeds and annuity benefits are protected against certain creditors of the insured, but the federal government is not one of ...
Insured's income prior to the disability minus the insured's income after the disability. ...
Termination of coverage in insurance. ...
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