This option provides a fixed number of benefit payments of a fixed amount. The specified time over which benefits are paid is the "period certain." Even if the owner is alive at the end of the period certain, the payments stop. If the owner dies before the period certain ends, the designated beneficiary receives the rest of the annuity payments. This type of contract can help if income is needed for a limited period of time. An annuity certain could provide income until some other source of income, such as a pension, is available. Generally, however, period certain annuities should not be viewed as a sole source of retirement income.
This annuity provides that if the owner dies before payments totaling the purchase price have been made, the balance will be paid in one sum to designated beneficiaries.Cash Refunds
Ohio National is not affiliated with, nor does it endorse or sponsor, any particular prospecting, marketing or selling system.