single-life annuity

single-life annuity definition - business

single-life annuity

A stream of regular retirement benefits during the lifetime of the recipient. No payments are made to a beneficiary at the death of the recipient. Compare joint and survivor annuity.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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