What Is a Temporary Annuity?

A temporary annuity—known in the financial industry as a Period Certain annuity—pays you a guaranteed, fixed income for a specific number of years (such as 5, 10, or 20 years) rather than for the rest of your life. While these irrevocable contracts permanently convert your lump sum into a multi-year paycheck, they offer distinct advantages for retirees looking to solve specific timing problems within their financial plans. In this unfiltered video, Shawn from The Annuity Expert breaks down exactly how temporary annuities work and reveals two highly effective strategies for using them. First, Shawn explains how to use a temporary annuity as a "Social Security Bridge." If you retire at age 60 but want to delay claiming Social Security until age 70 to secure the maximum benefit, a 10-year temporary annuity can perfectly cover your living expenses during that gap. Second, Shawn highlights a specialized strategy for older retirees (age 75+) with health concerns. Because today's lifetime annuity payouts are at 20-year highs, your account cash value can deplete to zero rapidly, potentially leaving your surviving spouse with no death benefit. By opting for a 20-year temporary annuity instead, you lock in guaranteed payments for two decades. If you pass away in year 10, the insurance company is contractually obligated to pay your beneficiaries the exact same monthly check for the remaining 10 years, ensuring your spouse is protected. 👉 Read our full guide to determine if a Period Certain temporary annuity is worth it for you: https://www.annuityexpertadvice.com/types-of-annuities/period-certain/are-they-worth-it/ 📞 Call our team for free, no-obligation advice to safely evaluate your annuity payout options at: 770-755-1565 ⏱️ Video Chapters: 0:00 - Intro: What is a temporary (period certain) annuity? 0:14 - How temporary payouts work (5 to 30-year set terms) 0:42 - What happens if you die early? (The Period Certain death benefit) 1:20 - Strategy 1: Bridging the gap to maximize Social Security at age 70 1:45 - Strategy 2: Securing a guaranteed death benefit for older spouses 3:05 - Final Verdict: How to compare lifetime vs. temporary payouts anonymously