Life annuity

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Related to Lifetime Annuity: immediate annuity, Life annuity

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

References in periodicals archive ?
It is easy to see why hard pressed retirees may choose this solution as they can take the same level of income as a lifetime annuity now whilst only needing interest rates to pick up by 1% or more to buy the same income in 5 or 6 years time.
The county plan also allows county employees to convert their account balance into a lifetime annuity with a postemployment COLA of 2.
The main advantage of a lifetime annuity is that the income you will receive is guaranteed for life.
There are actually 10 products available in the market but two currently dominate - the lifetime annuity and income drawdown.
The lawyers in many counties treat their judges as if the judges have a lifetime annuity to the job.
A Senate bill could provide a 50 percent tax exclusion on up to $40,000 in annual income from a non-qualified lifetime annuity.
However, the AICPA is concerned about provisions (1) used to calculate the exclusion percentage for lifetime annuity payments; (2) allowing additional nonelective contributions or midyear changes in savings incentive match plans for employees (SIMPLEs); (3) permitting reverse-match salary reduction contributions to simple employee plans (SEPs); and (4) requiring a quarterly notice to qualified plan participants and beneficiaries.
Mark Mackey, president and chief executive officer of the National Association for Variable Annuities, said he hopes that brokers, agents and financial planners will read the report and better appreciate the real value that lifetime annuity payments can provide.
The trust sells the stock, invests the proceeds in securities with a higher return, and pays you and your spouse a lifetime annuity.
The size of a lump-sum payment depends on what interest-rate assumption the plan uses, so that the payout and its projected lifetime earnings equal what the retiree would have received in lifetime annuity payments.
com), announced today the introduction of Guardian SecureFuture Income Annuity(SM), a deferred income annuity product designed to provide a future stream of guaranteed lifetime annuity payments.