An investment vehicle that systematically pays out benefits over an extended period of time is a(n):

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An annuity is designed to pay out benefits over a period of time, usually in the form of guaranteed payments to the annuitant. It is a type of insurance contract that has different structures and options for payouts. An annuity may provide a steady stream of income for retirees, for example, or be used as part of a comprehensive financial plan for wealth accumulation or transfer. Common and preferred stocks, mutual funds, and money market securities do not offer the same level of predictable payments and may involve more risk or fluctuation in returns.

An Investment Vehicle That Systematically Pays Out Benefits Over an Extended