n annuity that guarantees a fixed range repayments over its life time. This will be real in the event that celebration life after dark repayment quantity required. When they die a beneficiary receives the payments before the agreement is fulfilled. AKA life annuity specific and life anniuty
Annuity that, as at least, guarantees a fixed range payments. It continues across life of the annuitant, even when he/she lives beyond the number of repayments specified in annuity contract. In case the annuitant dies before exhausting the repayments, a named beneficiary consistently get the continuing to be quantity. Also called life annuity specific or life annuity specific and continuous.
Funds got from an annuity in the shape of a guaranteed minimal quantity or quantity of payments.