Single life annuity

(redirected from Single Life Pension)

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.
References in periodicals archive ?
Although this is the assumed cost of purchasing a single life pension annuity paid monthly in advance, with no guarantees but increasing in line with RPI based on the best annuity rate available from the www.
I am due to retire soon and have been advised by them that my fund can either provide a single life pension and/or widows benefits.
There are limits set by the Revenue as to the amount of income you can receive, but the maximum would be in line with a single life pension at your appropriate age.
As I am now a widower approaching retirement age, I have been advised by them that my fund can provide a single life pension and/or widows benefits.

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