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Life annuity
(redirected from Single life annuity)

   Also found in: Financial, Wikipedia 0.02 sec.

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



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? Mentioned in ? References in periodicals archive
 
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.
In the following estimates, Galveston's monthly benefit is expressed as a single life annuity for single workers, and as a 2/3 joint-contingent survivor's annuity for married workers.
This hypothetical life annuity is calculated as a single life annuity with annual payments equal to $155,000 for 1996.
 
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