Life annuity


 

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Life annuity

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



Life annuity

Similar Matches

Tax sheltered annuity

Tax sheltered annuity

A type of retirement plan under Section 403(b) of the Internal Revenue Code that permits employees of public educational organizations or tax-exempt organizations to make before-tax contributions via a salary reduction agreement to a tax-sheltered retirement plan. Employers are also allowed to make direct contributions on behalf of employees.


Annuity starting date

Annuity starting date

The date on which annuity benefit payments start to be paid to an annuitant.


Annuity certain

Annuity certain

See 'annuity'.


Deferred payment annuity

Deferred payment annuity

An annuity that stipulates payments be made to the annuitant at a later date, such as when the annuitant reaches a certain age.


Annuity deferral

Annuity deferral

It used to be the case that you could only receive your pension from a personal pension plan by buying an annuity. You can now also choose to defer (up to age 75) the purchase of an annuity with your pension fund and take an income directly from the fund.


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