A payout is the periodic payment made to the holder of an annuity contract, typically on a monthly or quarterly basis. The size of the payout depends on the investment performance of the underlying assets, as well as the terms of the contract.

How are annuities paid to beneficiaries? Annuities are paid to beneficiaries in a variety of ways, depending on the terms of the annuity contract and the wishes of the annuity owner. Most annuities pay a fixed sum of money to the beneficiary each year, but some annuities allow the beneficiary to choose how the money is paid out. Some annuities also allow the beneficiary to receive a lump sum payout, either all at once or in installments. How long does an annuity payout? An annuity payout is typically paid out over the course of an individual's lifetime, although some annuities may have a set payout period. What is an annuity disbursement? An annuity disbursement is the periodic payment made to the annuitant by the annuity issuer. The annuity issuer is the financial institution, such as an insurance company, that issues the annuity contract. What are the terms of an annuity? An annuity is an insurance contract that provides for periodic payments to the annuitant, beginning either immediately or at some future date. The payments may be for a fixed term or for the life of the annuitant. Which of the following is another term for the accumulation period of an annuity? The accumulation period of an annuity is the period of time during which money is being deposited into the annuity. Another term for this is the “savings phase” or the “accumulation phase”.