What is a 5 year certain and life annuity?
What is a 5 year certain and life annuity?
Five Year Certain and Life Annuity It pays you a monthly pension throughout your life, and the amount never changes. If you die within five years of retiring, the remaining benefits will be provided to a beneficiary you designate until a total of 60 monthly payments are made (to you and your beneficiary combined).
