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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.
7.35 There is a 35 day period for consideration of the Stage 2 Settlement Pack by the defendant (âthe total consideration periodâ). This comprises a period of up to 15 days for the defendant to consider the Stage 2 Settlement Pack (âthe initial consideration periodâ) and make an offer.