Monthly payments made for the life of the annuitant, regardless of how long he or she lives.

This is a product usually from a life insurance company purchased with either ETP monies or non ETP monies which provides a set regular income stream guaranteed for life.

See "Contingent Annuity".

A type of annuity contract that guarantees periodic income payments throughout the lifetime of a named individual — the annuitant. If a life annuity provides no further benefits after the death of the annuitant, the annuity is known as a straight life annuity. However, some life annuities provide that income payments will be paid either for the life of the annuitant or for a guaranteed period — life income with period certain — or at least until a guaranteed amount has been paid — life income with refund annuity. See also life annuity with period certain, life income with refund annuity, and straight life annuity.

An annuity that pays a fixed amount for the lifetime of the annuitant.

An annuity that provides payments for the life of the annuitant with no beneficiary payments. Payments stop at the death of the annuitant and the money reverts to the insurer. Typically this type of annuity pays the largest monthly benefit per dollar invested. Also called a “life-only” annuity.

An annuity with payments made only during an individual's lifetime, such as retirement benefits.

A form of annuity that produces income during the annuitant's lifetime.

An annuity under which benefit payments are made by the insurer at least until the death of the annuitant.

An annuity (series of payments) that terminates when the beneficiary dies.

(See: annuity, life.)

A series of payments that are made at regular intervals as long as a designated person, the annuitant, is then alive.----------[ Back

One of the two major classifications of annuities. A life annuity provides for specified payments at regular intervals but only as long as the annuitant is alive.

A contract that provides an income for life.

An annuity paid for the lifetime of the annuitant.

An investment contract that pays out regular amounts over a specified period or for life, often during retirement.

a contract where continued payments after retirement are contingent on continued survival of the annuitant(s)

a financial product that you buy from a life insurer, who in turn pays you a regular income for a fixed period or for the rest of your life Americo Financial Life and Annuity Insurance Company Provider of life insurance and annuity products

an annuity contract that promises to pay the periodic payment for as long as the annuitant lives

an annuity payable for a duration limited to the lifetime of one or several persons

an insurance product that pays out a periodic amount for as long as the annuitant is alive, in exchange for a premium

A policy and contract that provides income for life.

An annuity that makes regular income payments till the policyholder is alive. On the policyholder’s death, all income payments cease and there are no beneficiary benefits.

An annuity that pays a fixed amount over the remaining life span of the annuitant.

A life annuity refers to the pension, which you have to buy with the returns of your retirement annuity. The working of this is simpler than it looks. Your retirement annuity is the savings vehicle for retirement. When you reach that age, you draw the money and buy a pension from a life assurer, which is then paid out monthly for the rest of your life. Because of the tax benefits you have during the savings phase you are obliged to buy a pension - the life annuity. There are a number of different options when buying a life annuity that can be structured to your specific needs.

An annuity which provides a series of equivalent periodic payments for the life of a participant, with no further payments to a beneficiary upon the participant's death.

An annuity that makes regular (e.g., monthly, quarterly, etc.) income payments for the life of a person (the annuitant). The annuitant cannot outlive the payments. Upon his/her death, however, all income payments cease and there are no beneficiary benefits.

A contract which guarantees the planholder a regular monthly income for life in exchange for an amount of money in a Registered Retirement Savings Plan (RRSP).

An annuity which is payable during the continued life of the annuitant. No provision is made for the guaranteed return of the unused portion of the premium.

An annuity in which payments are guaranteed to be paid at regular intervals for the life of the customer.

An annuity that provides an income, paid in installments, over a person's life.

An annuity that provides periodic benefit payments for the lifetime of the annuitant.

An annuity that provides periodic benefit payments for at least the lifetime of a named individual.

Series of payments under which payments, once begun, continue throughout the remaining lifetime of the annuitant but not beyond.

A contract providing an income during the life of a person.

A life-contingent annuity provides an individual with guaranteed income payments for his or her life or, in some cases, for his or her life and that of another person, such as a spouse. This means that no matter how long an individual lives, annuity payments will continue to be paid.

Annuity payments distributed by the insurance company for the life of the annuitant.

An annuity under which payments are guaranteed for the life of the annuitant.

An annuity which pays for the lifetime of the person receiving payments. There is normally a period during which payments will be made regardless of whether the recipient is alive or not. This is called a guarantee period, and it ensures that payments will continue for some minimum length of time.

An annuity that provides income for life.

An annuity in which the payout is based on life contingencies or life expectancy.

An annuity that provides regular payments over the course of the life of the annuitant, or his/her spouse in the case of a joint and survivor annuity.

The life annuity (also known as a single-payment annuity) is a financial instrument that allows for a seller (issuer), typically a financial institution such as a life insurance company, to provide a series of future payments to a buyer (annuitant) for a known sum with a net present value; the payment stream has an unknown duration based principally upon the life expectancy of the annuitant. Generally, such an instrument stops payment at the death of the annuitant. However, it is possible to structure such a contract so that the payments stop upon the death of the second of two annuitants (i.e., a joint and survivor annuity), sometimes with a reduction in the amount of the payment going forward.