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Life annuity
(redirected from Lifetime Annuities)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

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



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Standard lifetime annuities are currently paying close to historically low levels which is encouraging more people to look at alternative strategies, such as delaying purchase of a lifetime annuity by using a fixed-term annuity or by seeking to keep growing the pension pot through investment-linked options.
Lifetime annuities allow investors to make regular payments or a one time payment and provide regular source of income.
Sources of income which count towards the new flexible drawdown include guaranteed lifetime income are state pensions, defined benefit schemes, scheme pensions and lifetime annuities.
 
 
 
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