1. plural of annuitization; the process of converting a lump sum of money or an investment into a series of regular periodic payments (annuity), typically for retirement income.
Usage: finance/insurance term; commonly used in retirement planning and pension contexts

Examples

• Many retirees consider annuitizations of their 401(k) balances to guarantee lifetime income.
• The insurance company offers several annuitizations options for clients nearing retirement.
• Tax implications of annuitizations should be carefully reviewed before making a decision.
• Annuitizations can provide peace of mind by ensuring steady monthly payments.
• Financial advisors often discuss annuitizations as part of comprehensive retirement planning.
• The recent market volatility has increased interest in annuitizations among conservative investors.