- life annuity
- An obligation to pay to a specified person a specified sum each year during the remainder of lifetime. See annuity.
Ballentine's law dictionary. Anderson, W.S.. 1998.
life annuity
Look at other dictionaries:
Life annuity — Life Life (l[imac]f), n.; pl. {Lives} (l[imac]vz). [AS. l[imac]f; akin to D. lijf body, G. leib body, MHG. l[imac]p life, body, OHG. l[imac]b life, Icel. l[imac]f, life, body, Sw. lif, Dan. liv, and E. live, v. [root]119. See {Live}, and cf.… … The Collaborative International Dictionary of English
life annuity — see annuity Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Life annuity — The life annuity is a financial contract according to which a seller (issuer) typically a financial institution such as a life insurance company makes a series of payments in the future to the buyer (annuitant) in exchange for the immediate… … Wikipedia
life annuity — noun : an annuity payable during the lifetime of the annuitant called also single life annuity; compare annuity, joint life annuity, joint life and survivor annuity * * * Insurance. any annuity that is contingent upon the survival of the… … Useful english dictionary
Life Annuity — An insurance product that features a predetermined periodic payout amount until the death of the annuitant. These products are most frequently used to help retirees budget their money after retirement. Typically, the annuitant pays into the… … Investment dictionary
life annuity — Insurance. any annuity that is contingent upon the survival of the annuitant or annuitants, esp. an annuity that terminates with the death of a single annuitant. * * * … Universalium
life annuity — An annuity that pays a fixed amount for the lifetime of the annuitant. Bloomberg Financial Dictionary … Financial and business terms
life annuity — An annuity that ceases to be paid on the death of a specified person, which may or may not be the annuitant … Big dictionary of business and management
Whole Life Annuity Due — A financial product sold by insurance companies that requires annuity payments at the beginning of each monthly, quarterly or annual period, as opposed to at the end of the period. A whole life annuity due is a type of annuity that will provide… … Investment dictionary
single life annuity — An annuity covering one person. A straight life annuity provides payments until death, while a life annuity with a guaranteed period provides payments until death or continues payments to a beneficiary for a guaranteed term, such as ten years.… … Financial and business terms
