Meaning Of The Word Life annuity

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Life annuity Meaning

Life annuity Definition
Life annuity Definition

What's The Definition Of Life annuity?

life annuity in American English
noun: any annuity that is contingent upon the survival of the annuitant or annuitants, esp. an annuity that terminates with the death of a single annuitant

life annuity in British English
noun: an annuity that pays out regularly for the life of its owner

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