An annuity usually used for retirement that does not have a death benefit. Only the recipient of such annuity receives any payments from it. Straight life annuities usually provide larger payout amounts than other similar products since benefits end when the recipient reaches their death. Most times these types of annuities are opened by individuals who do not have dependents and are looking to get the most out of their pension before their death.
Related information about straight life annuity:
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An insurance product that makes periodic payments to the annuitant until his or her death, at which point the payments stop completely. These products do not ...
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Straight Life Annuity An insurance product that makes periodic payments to the annuitant until his or her death, at which point the payments stop.
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Definition of straight life annuity: An annuity usually used for retirement that does not have a death benefit. Only the recipient of such annuity receives any ...
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A straight life annuity is a retirement option that many people choose. ... Here are a few of the benefits and drawbacks associated with a straight life annuity.
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A straight life annuity is an insurance contract that pays out a series of fixed payments over the life of the owner, or annuitant. The amount of the payments is ...
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MEMBER'S NAME (Last, First, M.I.). Option D - STRAIGHT LIFE ANNUITY. Option D - Straight Life Annuity. This option provides you with the highest monthly ...
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