Business, Legal & Accounting Glossary
An annuity that may be purchased as long as the recipient is paid a fixed monthly payment for the remainder of their life. Annuity payments begin after retirement and the payment amount will not change over time, regardless of inflation.
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Definitions for Deferred Nominal Life Annuity are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.