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Also known as a Period Certain Annuity. Fixed Period Annuity is a term used to describe a specific payout option for an Immediate Annuity contract. When an annuity distribution period begins or the annuitization begins, the annuitant can choose distributions over a fixed period of time.
Damage Exclusion) of this Policy. Access Unavailable Settlement means the method of settling a Claim as described in Section V(B). Acquisition Option means the method of determining the amount of Insurance Benefit with respect to a. Loan as set forth in Section V(B)(1) (Acquisition Option). Annex means the relevant Annex attached to, incorporated into and made part of, this Policy.