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Meaning of "life annuity" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF LIFE ANNUITY

life annuity  [laɪf əˈnjuːɪtɪ] play
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GRAMMATICAL CATEGORY OF LIFE ANNUITY

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Life annuity is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES LIFE ANNUITY MEAN IN ENGLISH?

Life annuity

A life annuity is a financial contract in the form of an insurance product according to which a seller — typically a financial institution such as a life insurance company — makes a series of future payments to a buyer in exchange for the immediate payment of a lump sum or a series of regular payments, prior to the onset of the annuity. The payment stream from the issuer to the annuitant has an unknown duration based principally upon the date of death of the annuitant. At this point the contract will terminate and the remainder of the fund accumulated is forfeited unless there are other annuitants or beneficiaries in the contract. Thus a life annuity is a form of longevity insurance, where the uncertainty of an individual's lifespan is transferred from the individual to the insurer, which reduces its own uncertainty by pooling many clients. Annuities can be purchased to provide an income during retirement, or originate from a structured settlement of a personal injury lawsuit.

Definition of life annuity in the English dictionary

The definition of life annuity in the dictionary is an annuity that pays out regularly for the life of its owner.

WORDS THAT RHYME WITH LIFE ANNUITY


acuity
əˈkjuːɪtɪ
ambiguity
ˌæmbɪˈɡjuːɪtɪ
annuity
əˈnjuːɪtɪ
assiduity
ˌæsɪˈdjuːɪtɪ
circuity
səˈkjuːɪtɪ
conspicuity
ˌkɒnspɪˈkjuːɪtɪ
contiguity
kɒntɪˈɡjuːɪtɪ
continuity
ˌkɒntɪˈnjuːɪtɪ
discontinuity
dɪsˌkɒntɪˈnjuːɪtɪ
disingenuity
ˌdɪsɪndʒɪˈnjuːɪtɪ
fatuity
fəˈtjuːɪtɪ
fortuity
fɔːˈtjuːɪtɪ
gratuity
ɡrəˈtjuːɪtɪ
ingenuity
ˌɪndʒɪˈnjuːɪtɪ
overingenuity
ˌəʊvərˌɪndʒɪˈnjuːɪtɪ
perpetuity
ˌpɜːpɪˈtjuːɪtɪ
perspicuity
ˌpɜːspɪˈkjuːɪtɪ
promiscuity
ˌprɒmɪˈskjuːɪtɪ
strenuity
strɪˈnjuːɪtɪ
vacuity
væˈkjuːɪtɪ

WORDS THAT BEGIN LIKE LIFE ANNUITY

life
life assurance
life belt
life buoy
life class
life coach
life cycle
life drawing
life estate
life expectancy
life force
life form
Life Guards
life history
life imprisonment
life instinct
life insurance
life interest
life jacket
life lesson

WORDS THAT END LIKE LIFE ANNUITY

antiquity
biscuity
congruity
deferred annuity
employment equity
equity
fruity
immediate annuity
in perpetuity
incongruity
inequity
iniquity
innocuity
negative equity
obliquity
private equity
propinquity
superfluity
tenuity
ubiquity

Synonyms and antonyms of life annuity in the English dictionary of synonyms

SYNONYMS

Translation of «life annuity» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF LIFE ANNUITY

Find out the translation of life annuity to 25 languages with our English multilingual translator.
The translations of life annuity from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «life annuity» in English.

Translator English - Chinese

终身年金
1,325 millions of speakers

Translator English - Spanish

renta vitalicia
570 millions of speakers

English

life annuity
510 millions of speakers

Translator English - Hindi

जीवन वार्षिकी
380 millions of speakers
ar

Translator English - Arabic

الأقساط الحياة
280 millions of speakers

Translator English - Russian

пожизненная рента
278 millions of speakers

Translator English - Portuguese

renda vitalícia
270 millions of speakers

Translator English - Bengali

জীবন বার্ষিক
260 millions of speakers

Translator English - French

rente viagère
220 millions of speakers

Translator English - Malay

Anuiti hidup
190 millions of speakers

Translator English - German

Leibrente
180 millions of speakers

Translator English - Japanese

終身年金
130 millions of speakers

Translator English - Korean

생활 연금
85 millions of speakers

Translator English - Javanese

Urip anuitas
85 millions of speakers
vi

Translator English - Vietnamese

cuộc sống annuity
80 millions of speakers

Translator English - Tamil

வாழ்க்கை ஆண்டு
75 millions of speakers

Translator English - Marathi

जीवन वार्षिकी
75 millions of speakers

Translator English - Turkish

Hayat yıldızı
70 millions of speakers

Translator English - Italian

vitalità
65 millions of speakers

Translator English - Polish

renta dożywotnia
50 millions of speakers

Translator English - Ukrainian

довічна рента
40 millions of speakers

Translator English - Romanian

rentă viageră
30 millions of speakers
el

Translator English - Greek

ισόβια πρόσοδο
15 millions of speakers
af

Translator English - Afrikaans

lyfrente
14 millions of speakers
sv

Translator English - Swedish

livränta
10 millions of speakers
no

Translator English - Norwegian

livrente
5 millions of speakers

Trends of use of life annuity

TRENDS

TENDENCIES OF USE OF THE TERM «LIFE ANNUITY»

The term «life annuity» is regularly used and occupies the 66.567 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
69
/100
The map shown above gives the frequency of use of the term «life annuity» in the different countries.
Principal search tendencies and common uses of life annuity
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «life annuity».

FREQUENCY OF USE OF THE TERM «LIFE ANNUITY» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «life annuity» during the past 500 years. Its implementation is based on analysing how often the term «life annuity» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about life annuity

EXAMPLES

10 ENGLISH BOOKS RELATING TO «LIFE ANNUITY»

Discover the use of life annuity in the following bibliographical selection. Books relating to life annuity and brief extracts from same to provide context of its use in English literature.
1
Pension Mathematics with Numerical Illustrations
Straight Life Annuity If retirement benefits cease upon death, the annuity is called a straight life annuity and its present value, assuming an annual benefit of one dollar payable at the beginning of age x, is given by ax = I ,/>im)V. (3.17a) I = 0 ...
Howard E. Winklevoss, 1993
2
Kiplinger's Personal Finance
A LOOK BEHIND THE NUMBERS What you're guaranteed by your pension is a set amount — based on your years of service, your salary and your life expectancy — paid out as a single- life (or "straight life") annuity. The payments end when ...
3
Code of Federal Regulations, Title 26, Internal Revenue, PT. ...
§§1.417(e)-l(d)(2) and (d)(3), $1,800,002 payable as a single sum is actuarially equivalent to an immediate straight life annuity at age 65 of $155,853. $148,432 is the result when this annual amount is divided by 1.05. With respect to the ...
Office of the Federal Register (U S ), 2009
4
Estate and Retirement Planning Answer Book
Straight life annuity. The simplest type of annuity is the straight life annuity, which makes annuity payments for the annuitant's lifetime. Upon the annuitant's death, those payment cease regardless of how few or many premium payments the ...
William D. Mitchell, 2008
5
Life Insurance & Modified Endowments: Under Internal Revenue ...
Commutation functions are further disadvantaged in that they work only with Attained Age functions. Note that monthly factors can be approximated using commutation functions. For example, a monthly life annuity at age x =((NX -i- Dx) — 11 + ...
‎2004
6
The Mathematics Dictionary
The life (person) upon whose existence each payment of a life annuity is contingent, i.e., the beneficiary of an annuity. AN-NU'I-TY, n. A series of payments at regular intervals. An annuity contract is a written agreement setting forth the amount ...
R.C. James, 1992
7
Annuity Markets and Pension Reform
One way of dealing with the risk that the annuitant's premature death will deplete his estate is to buy a certain and life annuity. The option of a certain and life annuity is superficially attractive, because even if the annuitant dies shortly after ...
George A. (Sandy) Mackenzie, 2006
8
Actuarial Mathematics for Life Contingent Risks
When an annuity depends on the survival of the recipient, it is called a 'life annuity'. The recipient is called an annuitant. If the annuity continues until the death of the annuitant, it is called a whole life annuity. If the annuity is paid for some ...
David C. M. Dickson, Mary Hardy, Mary R. Hardy, 2013
9
An Estate Planner's Guide to Qualified Retirement Plan Benefits
The options may include a life annuity, a life annuity with a guaranteed number of payments, a joint and survivor annuity, installments, and a lump sum. Under a life annuity, a specific dollar amount is paid to the participant (and under a joint ...
Louis A. Mezzullo, 2007
10
The Handbook of Variable Income Annuities
Another annuity option is an n-year deferred life annuity. This is a life annuity where payments during the first n years are excluded. If the annuitant survives from age x to age x + n, and payments are made annually at the end of the year, ...
Jeffrey K. Dellinger, 2006

10 NEWS ITEMS WHICH INCLUDE THE TERM «LIFE ANNUITY»

Find out what the national and international press are talking about and how the term life annuity is used in the context of the following news items.
1
Plan your retirement in advance | The Asian Age
Annuity pension plans, for example, pay annuity amount for a certain number of years while life annuity plans pay pension throughout your life. «The Asian Age, Jul 15»
2
A sustainable retirement, Invest News & Top Stories - The Straits …
The money paid is for Income's Guaranteed Life Annuity plan, which will give regular guaranteed payouts - about $720 per month or $8,685 per ... «The Straits Times, Jul 15»
3
3 Hidden Risks of Buying an Annuity
Right now, an immediate life annuity for a 65-year-old male will pay out roughly $500 a month on every $100,000 invested. But had you bought ... «Motley Fool, Jul 15»
4
IRS to eliminate common ERISA pension plan de-risking strategy
Tax-qualified defined benefit plans are required to offer plan participants benefits in the form of a life annuity (i.e., a single life annuity for ... «Lexology, Jul 15»
5
Partnership Assurance Group PLC PT Raised to GBX 117 at …
It offers Retirement Annuities, including pension annuity, enhanced choice annuity, purchased life annuity, and others. It offers payment of care ... «sleekmoney, Jul 15»
6
Ask Kim: How is an annuitized valuable annuity taxed?
If you have a life annuity with payouts that stop when you die, the payout period is the IRS's life-expectancy number for someone your age. «Chicago Tribune, Jul 15»
7
Prisoner's litigation attempting to secure late father's pension …
... that indicated he had an accrued benefit of $332.50 per month, payable as a life annuity once he reached the age of 65. The lump sum value ... «The Pennsylvania Record, Jul 15»
8
Financial security a long-term journey
The changes to the CPF Life annuity scheme that take effect next year are a wake-up call to Singaporeans not to depend solely on their CPF ... «AsiaOne, Jul 15»
9
Immediate Annuities Can Provide a Stream of Income
In any case, though, the monthly payment will be lower than the payment on a single-life annuity. More in: Retirement & Financial Planning ... «FEDweek, Jul 15»
10
Tax Secrets: Why do the rich buy so much life insurance?
Matt (married to May) bought an immediate joint life annuity for $1 million (will pay $43,843 every year for as long as either Matt or May is alive). «Naples Daily News, Jul 15»

REFERENCE
« EDUCALINGO. Life annuity [online]. Available <https://educalingo.com/en/dic-en/life-annuity>. Apr 2024 ».
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