An annuity certain is a contract to pay an annuity for a specified period regardless of whether the annuitant survives. It does not depend on the age of the annuitant, as payment is guaranteed for the set period whatever happens.

An annuity certain is a contract to pay an annuity for a specified period regardless of whether the annuitant survives. It does not depend on the age of the annuitant, as payment is guaranteed for the set period whatever happens.