Life annuity

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

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

References in periodicals archive ?
People relying on a regular, dependable income from a smaller pension pot - under pounds 50,000 - may not suit many of the product alternatives to lifetime annuities as they will not want to take investment risk and switching products will incur costs.
8% tax is in conflict with President Obama's Middle Class Task Force and its promotion of income annuities, she says, also pointing to Treasury and the Department of Labor's request for information on the benefits of lifetime annuities in defined contribution plans.
The study recommends educational programs for the Hispanic American community emphasizing alternative retirement savings options, such as lifetime annuities, which can help build retirement savings and guarantee secure future incomes.
For a free guide to Lifetime Annuities please call 0800 544644.
Improved access to lifetime annuities also weakens this GLWB "advantage.
This time with most of the retirement income coming from systematic withdrawals from pension funds with limited use of lifetime annuities.
For example," David Rooney, CPA, told the Journal, "if a 401(k) plan allows only for lump-sum, 10-year installments or lifetime annuities, you can't have a QDRO calling for monthly payments to a spouse.
Financed on a quasi-pay-as-you-go basis, the program grew in size and scope in the decades that followed, delivering lifetime annuities to a broader and broader segment of the population at a fraction of the true cost - and piling up larger and larger liabilities to be met by younger generations.
One of the important uses of charitable donations to Hamas is to provide lifetime annuities to the families of suicide bombers.