Life Option

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Life Option

A fixed annuity that pays a certain monthly sum for life of the annuitant. Generally speaking, an annuitant buys a life option and makes installment payments for it throughout his/her working life. Following retirement, the annuitant begins to receive the benefit. A life option is designed to provide a stable income for the annuitant in retirement. Risk is split between the annuitant and the company providing the life option: the annuitant benefits financially if he/she lives for a long time after retirement while the company benefits if he/she dies sooner. See also: Income Annuity, Pension, IRA, 401(k).
References in periodicals archive ?
Additionally, the Fenway neighborhood with an abundance of dining, entertainment and night life options is less than one mile from CityView at Longwood.
The Fenway neighbourhood provides dining, entertainment and night life options and is less than a mile from the apartment.
Early midlife crisis: Emily is stressed at the prospect of turning 30, forcing her to evaluate her life options
Education Secretary Leonor Briones also stated earlier that the responsibility of improving the employability of SHS graduates - and their life options in general - is "not solely on DepEd."
'[If we further lower the age threshold], I worry that we are really exposing thousands and thousands more children to very vulnerable conditions that could really narrow their life options [in the future],' she said.
Sustainable pack design will be explored by leading Thai converter TPN FlexPak and end of life options will be discussed by ExxonMobil Asia Pacific and recycling company Erema.
You'll need longer battery life options. Look for headphones that offer 20 hours of battery life.
A movie called Life Is Sligo by Phoenix Films lays out career and life options and encourages people to view the area in a different light.
They resolve the multitude of life options into a single path, confirmed by repeated use.
Sabbour told Daily News Egypt that the Egyptian North Coast keeps proving that it will remain the most preferred destination in the country as its attractiveness lies in the beach life options it covers, ones that is pursued by 60% of Egyptians for periods as long as an entire month every season.
It opens up the widest possible range of life options for both women and men
The District 6 Colorado Nurses Association and the Women's Citizenship Club of Alamosa sponsored a presentation to discuss the Colorado End of Life Options Act.