Skip to main content
Retirement Planning

Life Annuity Payment Option

An annuity offers various payment options to an annuitant, one of which is the life annuity option. This option guarantees payments for the duration of the owner's life, but no payments are available to any survivor upon their death. Due to the lack of survivor benefits, a life annuity typically has a higher monthly payout compared to joint and survivor and Term Certain options. It is essential for investors to carefully consider their needs and goals before selecting an annuity payment option.

Related terms

Excess Contribution

Understand the meaning and definition of Excess Contribution in the context of stock market, trading, and investments.

MORE
Rollover

Understand the meaning and definition of Rollover in the context of stock market, trading, and investments.

MORE
Compounding

Understand the meaning and definition of Compounding in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store