Insurance

Life Annuity

An annuity is a financial product that provides a steady stream of income to an individual for the duration of their life. This can include monthly, quarterly, or other regular payments. It is designed to ensure that the annuitant will never outlive their income. However, in the event of the annuitant's death, the payments will stop and there is no additional benefit for beneficiaries.

Related terms

Non-Standard Life

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Life insurance

Understand the meaning and definition of Life insurance in the context of stock market, trading, and investments.

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Premiums written

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Rental income

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Money Back Plan

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Face amount

Understand the meaning and definition of Face amount in the context of stock market, trading, and investments.

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