Life annuity

• A series of payments that are made at regular intervals as long as a named individual, the annuitant, is then alive. Also known as a straight life annuity.


Follow this link for all the terms related to annuity.

 Embedded terms in definition
 Related Terms

<< Lien Life annuity with period certain >>

Getting Your Finances Ready for Your Golden Years: If you're seriously considering retirement, you also should be seriously thinking about how to ensure that your financial life is as comfortable and stress-free as possible. Here are a few tips. More...

Who controls the past controls the future. Who controls the present controls the past. -George Orwell


Copyright 2009-2018 GVC. All rights reserved.