单词 | annuitize |
释义 | annuitize in Insurance (ənuɪtaɪz) Word forms: (present) annuitizes, (past) annuitized, (perfect) annuitized, (progressive) annuitizing verb (Insurance: Life insurance, Pensions) annuitant, annuityIf you annuitize a lump sum payment, you convert it into a regular income such as a pension or annuity. Retirees should annuitize a portion of their nest egg at retirement, in order to provide a guaranteed, inflation-adjustedsupplement to their social security. On retirement, if you annuitize your account, the insurance company makes a payment on a regular basis for as longas you live. If you annuitize a lump sum payment, you convert it into a regular income such as a pension or annuity. |
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