DEFINITION of 'Certain And Continuous'
A type of annuity that guarantees a number of payments, even if the annuitant dies.
If the annuitant passes away during the guaranteed period, a specified beneficiary will receive the rest of the payments. Alternatively, if the annuitant outlives the specified number of guaranteed payments, he or she would continue to receive income payment for life; however, no payments would be available to the beneficiary.
BREAKING DOWN 'Certain And Continuous'
Certain and continuous annuities are a type of guaranteed annuity where the annuity issuer is required to make payments for at least a specified number of year. A common example is a 10year certain and continuous annuity. In this instance, monthly payments are paid to the annuitant for life in the event the annuitant dies, the designated beneficiary would receive any monthly payments for the remainder of the certain period  in this case, 10 years.
Otherwise, if the annuitant lives beyond the 10year period, he or she will continue to receive monthly payments for life; however, after the 10year period, the beneficiary would no longer be eligible for monthly payments.
Also called C&C Annuity.

Annuity Certain
A financial instrument that provides a stream of payments, for ... 
Straight Life Annuity
An insurance product that makes periodic payments to the annuitant ... 
Contingent Annuitant
Someone designated by an annuitant to receive the annuitantâ€™s ... 
Annuitization
The process of converting an annuity investment into a series ... 
Annuitization Method
A type of annuity distribution structure that gives the annuitant ... 
Payout Phase
The phase in an annuity during which payments are made to the ...

Annuities
What annuities are: Insurance products that provide a source of monthly, quarterly, annual or lump sum income during retirement. Pros: Taxdeferred growth of earnings; no annual contribution ... 
Options & Futures
Deciphering Deferred Annuity Designations
Tax deferred annuities can be complex arrangements. Discover some of the situations that arise when an owner or annuitant dies and how to reduce tax liability if you're the beneficiary. 
Retirement
Is Annuitization Your Best Strategy?
Annuitization has traditionally offered annuity owners a stream of income they cannot outlive, but there are some disadvantages to this form of payout. Consider alternatives, such as incomebenefit ... 
Retirement
Variable Annuities With Living Benefits: Worth The Fees?
Added features can make a variable annuity suitable for certain investors. Find out if it could work for you. 
Options & Futures
Selecting The Payout On Your Annuity
Make sure you understand your options for withdrawing your funds from this complex instrument. 
Retirement
Maximize the Tax Benefit from Your Annuity
Understand how nonqualified annuities are taxed during your lifetime, and how they are taxed when passed on to your beneficiaries. 
Options & Futures
20 Investments: Annuity
What Is It? You can think of an annuity as another way of saying "annual payments". An annuity is a series of fixedamount payments paid at regular intervals over the specified period of the ... 
Retirement
How a Fixed Annuity Works After Retirement
These popular investments can provide a steady stream of income during your retirement years. Here are the details. 
Home & Auto
An Overview Of Annuities
These contracts provide a guaranteed income stream. Learn how they work and their benefits. 
Options & Futures
Immediate Annuities: Guaranteed Payout At A Price?
This vehicle can have very low, or even negative, rates. Find out when it pays to invest.

What is the difference between a fixed and variable annuity?
Understand the difference between fixed, variable and indexed annuities, and read a brief summary of their respective risks ... Read Answer >> 
For what types of financial instruments would I want to calculate the present value ...
Learn about the types of financial instruments the present value of an annuity calculation is most useful for, including ... Read Answer >> 
What should my 85 yearold mother do with a deferred annuity she purchased in 1992?
Retirement of the plan is May 2016. She had a one time investment and has never taken money out of the plan. ... Read Answer >> 
In the separate account of a variable annuity, which of the following characteristics ...
The correct answer is b. When the holder of a variable annuity contract annuitizes the contract, he/she is asking that the ... Read Answer >> 
What is the difference between the present value of an annuity and the future value ...
Find out about the difference between the future value and present value of a fixed annuity, including how to use these calculations ... Read Answer >> 
What are the distribution options for an inherited annuity?
Distribution options will vary depending if you are the surviving spouse or someone other than the surviving spouse. If you're ... Read Answer >>