Definitions for "Temporary life annuity"
An annuity payable while the annuitant lives but not beyond a specified period, such as five years. No payments are to be made after the end of the stipulated temporary period or the death of the annuitant.
A series of regular periodic payments, each of which is made only if a designated person is then alive, with the number of such payments limited to a specified number. | Back
An annuity that provides periodic benefit payments until the end of a specified number of years or until the annuitant's death, whichever comes first.