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Life annuity |
Also found in: Dictionary/thesaurus, Financial, Wikipedia | 0.03 sec. |
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LIFE ANNUITY. An annual income to be paid during the continuance of a particular life. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The Pacific Life annuity that Swinton has allows her to increase her protected amount after a year. This election to have benefits paid as a life annuity increases the individual's retirement income significantly. 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. |
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