Life annuity

(redirected from Single life annuity)
Also found in: Dictionary, Financial.
Related to Single life annuity: immediate annuity, Lifetime Annuity

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

References in periodicals archive ?
Earlier this week, a Dispatches investigation by Channel 4 highlighted the case of Frank Adams, who was sold a single life annuity by Scottish Life.
Single Life Annuity for life with return of purchase price (ROP) payable on death - A fixed amount, guaranteed at the policy inception, will be paid to the annuitant throughout his life.
Find the single life annuity factor for a fifteen year annuity at a 1.
The amount the same insurance company would charge the survivor for a single life annuity as of the date of the first annuitant's death.
Annuity payments can be received on a fixed or variable basis, or a combination of both, and can be paid as a single life annuity or joint and survivor annuity.
However, Term Certain Annuity Factors are used instead of Single Life Annuity Factors.
a) A settlement option involving a single life annuity is the simplest and purest form of assuring a stream of income that cannot be outlived.
If the structure is efficient, then only a portion of the excess of the single life annuity over the starting amount of the J&S annuity is needed to buy the required insurance amount.
0%, the present value of the annuity is $27,621 (see Appendix K for valuation tables and examples of single life annuity calculations), so the gift to charity is $22,379 ($50,000 - $27,621).
Milliman's pricing assumptions are likely to be different from those of the company in Clements' example, and Milliman is using a joint-and-survivor income benefit that is more costly than a single life annuity.
So there are basically two types of private annuities: (1) the single life annuity under which payments cease at the death of the annuitant; and (2) the joint and last survivor annuity, in which payments continue until the death of the last survivor, e.
You have the option to elect for a widow's pension not to be paid which will increase your single life annuity.

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