elinkuukausi
Elinkuukausi, often translated as "lifelong income" or "annuity," is a financial product that provides a regular stream of payments to an individual for the rest of their life. These payments are typically made from a lump sum of money that the individual has contributed, either directly or through a pension fund. The primary purpose of an elinkuusukausi is to provide financial security and a predictable income in retirement, mitigating the risk of outliving one's savings.
The mechanics of an elinkuusukausi involve pooling the contributions of many individuals. An insurance company or
There are various types of elinkuusukausi. Some may offer a guaranteed minimum payment period, meaning payments