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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
 Annuitant
Annuity
Long
Series
 
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<< Lien Life annuity with period certain >>

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