MLchartDataset catalogue

Fixed period annuity

Term · Insurance and risk management · MLC-T-INS-001537

An annuity that provides guaranteed payments for a specific, predetermined number of years. The payment amount is calculated based on the principal, interest rate, and the chosen period, such as 10 or 20 years. If the annuitant dies before the period ends, payments continue to a beneficiary for the remainder of the term.

Table 1. Record
IdentifierMLC-T-INS-001537
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001537",
  "term": "Fixed period annuity",
  "field": "Insurance and risk management",
  "definition": "An annuity that provides guaranteed payments for a specific, predetermined number of years. The payment amount is calculated based on the principal, interest rate, and the chosen period, such as 10 or 20 years. If the annuitant dies before the period ends, payments continue to a beneficiary for the remainder of the term.",
  "url": "https://mlchart.com/terminology/insurance/fixed-period-annuity/"
}

Record 1,417 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.