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Life Annuity
(redirected from Lifetime Annuities)

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Life annuity
An annuity that pays a fixed amount for the lifetime of the annuitant.
Life Annuity
A fixed or variable annuity that pays a certain monthly or (rarely) annual sum for life of the annuitant. Generally speaking, an annuitant buys a life annuity and makes installment payments for it throughout his/her working life. Following retirement, the annuitant begins to receive the benefit, the amount of which may or may not be fixed in the annuity contract. A life annuity is designed to provide a stable income for the annuitant in retirement. See also: Income annuity, Pension, IRA, 401(k).
life annuity
A stream of payments intended to continue during the annuitant's lifetime and to cease automatically at the annuitant's death.
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Standard lifetime annuities are currently paying close to historically low levels which is encouraging more people to look at alternative strategies, such as delaying purchase of a lifetime annuity by using a fixed-term annuity or by seeking to keep growing the pension pot through investment-linked options.
invested INTEREST by Daily Post (Liverpool, England)
Lifetime annuities allow investors to make regular payments or a one time payment and provide regular source of income.
Pension Annuity Rates before and after Investment by Bernal Bernal / Advertising, marketing, public relations community
Sources of income which count towards the new flexible drawdown include guaranteed lifetime income are state pensions, defined benefit schemes, scheme pensions and lifetime annuities.
Income Drawdown a Valuable Retirement Option by Tonya Cross / Business community
 
 
 
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