Single life annuity


 

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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.



Single life annuity

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Annuity certain

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An annuity that pays a specific amount on a monthly basis for a set amount of time.


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 due

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An annuity with n payments, where the first payment is made at time t = 0, and the last payment is made at time t = n - 1.


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See 'annuity'.


Joint life annuity

Joint life annuity

Income usually relevant to two people (for example man and wife) which continues until the death of the first person only.


Further Suggestions

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fixed annuity
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Normal annuity form
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reverse annuity mortgage
variable annuity
joint life and survivor annuity
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temporary annuity
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annuity certain
qualifying annuity
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