A life annuity with period certain is a type of annuity that provides regular payments for the rest of the annuitant's life, with a guaranteed minimum payment period specified in the contract. If the annuitant dies before the guaranteed period ends, payments will continue to a beneficiary until the end of that period.

A life annuity with period certain is a type of annuity that provides regular payments for life, with a minimum guaranteed period during which payments will continue, even if the annuitant dies. If the annuitant dies before the end of the guaranteed period, the payments will continue to a beneficiary until the end of that period.

When purchasing guaranteed life insurance, you should consider whether you want to purchase guaranteed whole life or guaranteed term life. Benefits and coverage never change with guaranteed whole life. Guaranteed term life has lower premium, can be used to pay off high debt and no medical exam is needed. In addition, when purchasing guaranteed life insurance there is a waiting period before you receive full coverage, and you’re covered for a specific time period.

The term "guaranteed investment" typically refers to a stock, bond, or mutual fund, wherein the owner is guaranteed a principal repayment, as well as a fixed or floating interest rate for a pre-established period of time.

The following represent the two (2) types of loans having the "guaranteed rate for some period" characteristics:

* Fixed Loan (the interest rate is guaranteed to be the same for the entire period of the loan)

* Adjustable Rate Loan (with a defined fixed rate period is typical for mortgages and guarantees a fixed rate for 1, 3, 5, 7 or 10 years before adjusting to a new rate, typically relative to a publicly known index)