Definition of life annuity - The life annuity is an annuity paid regularly and lifetime warranty. This may be reversible, that is to say, it will be paid until the death of the third recipient.
When the lifetime contract includes several annuitants, the annuity may be different for each one, but will be paid until the death of the last.
When the lifetime contract includes several annuitants, the annuity may be different for each one, but will be paid until the death of the last.
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