verb
- converting a lump sum of money or an investment account into a series of regular periodic payments (annuity) over a specified period or for life
Usage: finance/insurance term; present participle of annuitize
Examples
- She is annuitizing her retirement savings to receive monthly income for life.
- Many retirees consider annuitizing a portion of their portfolio to guarantee steady cash flow.
- The insurance company specializes in annuitizing large pension payouts.
- By annuitizing at age 65, he locked in a fixed monthly payment regardless of market conditions.
- Financial advisors often recommend annuitizing some assets to reduce investment risk in retirement.