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Single Life Annuity

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Single life annuity
An annuity covering one person. A straight life annuity provides payments until death, while a life annuity with a guaranteed period provides payments until death or continues payments to a beneficiary for a guaranteed term, such as ten years.

Single Life Annuity
An annuity that only provides payments to one person. That is, payments cease when the annuitant dies. This contrasts with other annuities that make a lump sum payment to the annuitant's survivors, or continue payments to them for a certain number of years.


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81) A QOSA is a joint and survivor annuity that has a survivor percentage equal to 75% where the plan's QJSA has a survivor percentage less than that, or equal to 50% where the plan's QJSA has a survivor percentage of at least 75%, and that is the actuarial equivalent of the single life annuity payable at the same time.
LIFE ANNUITY OPTIONS Single life annuity - Pays you an income for the rest of your life.
The final regulations clarify that a subsidized joint and survivor annuity is also treated as actuarially equivalent to the single life annuity, provided that neither the annual lifetime annuity benefit nor the annual survivor benefit available under the joint and survivor annuity is greater than the annual lifetime benefit available under the single life annuity.
 
 
 
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