To commence a series of payments from the capital that has accumulated in an annuity. The payments may be a fixed amount, for a fixed period of time, or for a lifetime.

When you annuitize, you choose to convert the assets in your deferred annuity or other retirement savings account into a stream of regular income payments that are guaranteed to last for your lifetime or the combined lifetimes of yourself and another person, called your joint annuitant. You typically annuitize when you retire. But, if you own a non [..]

To begin a series of payments from an annuity. This term also refers to the settlement of a life insurance policy under the contract’s annuity options.

Definition To begin to receive payments from an annuity.

is to choose to receive a series of payments, usually from an annuity.

Annuitize is the process of converting all or a portion of the accumulated value of an annuity into a stream of income by electing to begin receiving a series of payments from an annuity, either for o [..]

To begin a series of payments from an annuity. This term also refers to the settlement of a life insurance policy under the contract's annuity options.

To commence a series of payments from the capital that has accumulated in an annuity. The payments may be a fixed amount, for a fixed period of time, or for a lifetime.