1. converted (a lump sum of money or an investment account) into a series of regular periodic payments, typically for life or a fixed term
Usage: past tense and past participle of annuitize; commonly used in finance and retirement planning contexts

Examples

• She annuitized her 401(k) balance at retirement to receive monthly income.
• The insurance company annuitized the settlement to provide guaranteed payments over 20 years.
• After inheriting a large sum, he decided to have it annuitized rather than manage it himself.
• Many retirees have annuitized portions of their savings to ensure stable cash flow.
• The pension plan was annuitized to convert the lump-sum liability into predictable payments.