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annuitize

verb

an·​nu·​i·​tize ə-ˈn(y)ü-ə-ˌtīz How to pronounce annuitize (audio)
variants also British annuitise
annuitized; annuitizing; annuitizes

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
annuitization noun
also British annuitisation

Example Sentences

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

Word History

Etymology

annuit(y) + -ize

First Known Use

1786, in the meaning defined above

Time Traveler
The first known use of annuitize was in 1786

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