Retirement Investing

Life Annuity

Definition

What is Life Annuity?

An annuity that pays income for as long as the covered person lives.

Example in practice

Payments continue even if the retiree lives past age 100.

Keep learning

Annual portfolio withdrawals divided by the portfolio's starting or current value.

An estimated withdrawal rate intended to support spending over a long retirement under stated assumptions.

The risk that poor returns early in a withdrawal period cause lasting portfolio damage.

The property, investments, rights, and obligations left by a person at death.

Think you know your investing terms?

Put your knowledge to the test with a quick quiz.