life annuity Definition

life annuity

Definition

Annuity that continues to pay out as long as the annuitant is alive.

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life annuity is ...
... part of the Retirement subject.

Related Terms

single-life annuity -

joint life annuity - More

joint and survivor annuity - More

life annuity appears in the definitions of these other terms on BusinessDictionary.com

annuity certain, pension maximization, whole life annuity