1. to convert (a lump sum of money or an asset) into a series of regular payments (an annuity) over a fixed period or for life
Usage: finance/insurance term; third-person singular present tense of 'annuitize'

Examples

• She annuitizes her retirement savings to receive monthly income for life.
• The insurance company annuitizes the lump-sum payment into quarterly distributions.
• When you annuitize a pension, you trade flexibility for guaranteed income.
• He decided to annuitize part of his investment portfolio at age 65.
• The financial advisor recommended that she annuitize her inheritance to ensure stable cash flow.