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Life annuity

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.03 sec.

LIFE ANNUITY. An annual income to be paid during the continuance of a particular life.
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The Pacific Life annuity that Swinton has allows her to increase her protected amount after a year.
When guarding your investment is key: Nita Swinton turned to a ... by Spruell, Sakina P. / Black Enterprise
This election to have benefits paid as a life annuity increases the individual's retirement income significantly.
Making the right decisions at retirement: four tax and financial ... by Francis, Barton C. / Journal of Accountancy
The capital securities being issued by Great-West Life Annuity Insurance Capital I are guaranteed by GWL&A Financial on a subordinate basis to any current or future senior debt of the company.
S&P Rates GWL&A Financial's Counterparty Credit 'A+' by Business Wire
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