life option meaning

  "life option" in a sentence
[Finance]
An annuitization-method option for a typical annuity offered by an insurance company with which the annuitant chooses to receive regular income payments from his or her annuity account for life. The insurance company guarantees that the annuitant will receive payments for the rest of his or her life, and structures the payment amounts to provide room for the insurance company's profit margin.
  • option:    Noun: option  ...
  • a-life:    [Computer]<algo ...
  • for life:    1. For the whole p ...

Examples

More:   Next
  1. expansion of life option amp; interpretation of man's life
  2. And . . . we wanted to provide some quality of life options for people.
  3. Dusty has a lot of life options.
  4. They now have new life options, and one of those options includes the opportunity to work,
  5. "Because they're stronger than lambs, they have more life options than lambs.

Related Words

  1. life mask meaning
  2. life of contract meaning
  3. life of riley meaning
  4. life of the party meaning
  5. life office meaning
  6. life origin meaning
  7. life origins meaning
  8. life partner meaning
  9. life peer meaning
  10. life peerage meaning
PC Version