A single life annuity provides you with regular payments for as long as you live. No amounts are payable to your beneficiary upon your death.
Periodic payments for the life of the participant with no benefits payable after the participant's death.
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.
A service retirement plan of payment that provides the maximum amount of monthly benefit for the lifetime of the retiree but does not provide benefits to a beneficiary after the death of the retiree.
An annuity based on the life of one person.
A form of pension plan payment in which the retired person receives a monthly check from the time of retirement until death.
An annuity agreement that makes payments for an uncertain liquidation period, namely, the duration of a person's life.
a form of retirement benefit that provides monthly payments to the employee for life, with no benefits payable after the employee dies. For some plans this is the automatic form of benefit for single employees, and available to married employees with the spouse's signed, notarized consent.
An annuity that pays a retirement benefit payment on a regular basis-such as monthly, quarterly, or annually-for your lifetime. No payments are made to a beneficiary when you die.