Life annuity


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Related to Life annuity: Single life annuity

LIFE ANNUITY. An annual income to be paid during the continuance of a particular life.

References in periodicals archive ?
Retirees in poor health were less likely than healthier counterparts to select a life annuity, indicating that a person's perceived longevity impacts investment choices.
He explains that a single life annuity is payable throughout life just for yourself and, with a joint life annuity, up to 100% of your income can be paid to a spouse or civil partner after you die.
A PS40,000 pension pot pays PS2,434 yearly income with a single life annuity, compared to PS2,226 with a joint life - PS200 difference.
A plan may explicitly state from the plan's inception that each installment payment, other than an installment payment under a life annuity, is treated as a separate payment.
In this article, I develop a financial metric and index for tracking the time series behavior of life annuity payouts.
The concern regarding a shorter retirement (and early loss of principal) can be managed and even eliminated by selecting a life annuity with a "guarantee period", which assures the annuitant that payments will continue to the estate for a minimum number of years (either 10, 15 or 20), or for the duration of the annuitant's lifetime, whichever is longer.
Although women are likely to live an average of nine years longer than men, and many plan to rely on their husband's pension, half of married men purchase a single life annuity with their nest-egg funds.
The hypothetical life annuity is based on the annuity factor in Table S of IRS Publication 1457 for 120% of the Federal mid-term rate.
The reversion makes the lump sum payment due at the end of the life annuity period, i.
The guaranteed life annuity is the only financial product that can fully cover this risk.
An "excess retirement accumulation" is the excess of the aggregate value of the decedent's interests in all qualified retirement plans and individual retirement accounts (IRAs) as of the date of the decedent's death (decedent's aggregate interest), over an amount equal to the present day value of a life annuity.
GRInS PensionShares will be backed by securities or contracts promising payment of a defined lump sum on the maturity date and a Normalized Annuity Option, which is an instrument that gives the holder the option to buy a joint and survivor life annuity paying a minimum benefit of $1/month/share of income for life.

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