What does Life Income with Period Certain mean? Read on to discover the definition & meaning of the term Life Income with Period Certain - to help you better understand the language used in insurance policies.
Life Income with Period Certain
Life income with certain period is a type of annuity that provides money to the insured on a regular basis for a specific number of years. If the insured dies before the period ends, the beneficiary gets the remaining payments from the annuity.
We hope the you have a better understanding of the meaning of Life Income with Period Certain.