annuitize

verb

Save Word

an·nu·i·tize | \ ə-ˈn(y)ü-ə-ˌtīz

variants: also British annuitise

annuitized; annuitizing; annuitizes

Definition of annuitize

transitive + intransitive

: to convert an amount of money (such as an accumulation of retirement savings) to an annuity … the standard advice is to annuitize the portion of your nest egg you'll need to cover living expenses …— Scott Woolley

Other Words from annuitize More Example Sentences Learn More About annuitize

Examples of annuitize in a Sentence

Recent Examples on the Web Higher discount rates, typically long-term corporate bond yields, lead to lower liabilities, thus reducing the amount of money companies would pay to insurers to annuitize. — Mark Maurer, WSJ, 22 Aug. 2021 Most people don’t annuitize their retirement savings, even if reduces risk and means more income. — Allison Schrager, Quartz, 3 June 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'annuitize.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.