How Do You Spell LIFE ANNUITY?

Pronunciation: [lˈa͡ɪf ɐnjˈuːɪti] (IPA)

Life annuity is a financial term that refers to a type of investment plan in which an individual can receive a guaranteed income for the rest of their life. The spelling of this word is as follows: /laɪf əˈnjuːɪti/. The word "life" is spelled with the letter "e" as in "eye" followed by the letter "f". The word "annuity" is spelled with the letter "a" as in "cat" followed by the letters "n", "u", "i", "t", and "y". This spelling helps to differentiate it from other words.

LIFE ANNUITY Meaning and Definition

1. A life annuity refers to a financial contract or investment product that provides a guaranteed stream of income for the lifetime of an individual. It is a type of annuity where an individual pays a lump sum or a series of payments to an insurance company or a financial institution in exchange for regular payments that continue for the rest of their life. These periodic payments can be monthly, quarterly, or yearly, and are predetermined based on factors such as the initial investment amount, the individual's age, and prevailing interest rates.

   The purpose of a life annuity is to ensure a steady income stream during retirement or for a specified period after retirement. It offers a degree of financial security by eliminating the risk of outliving one's savings, as the payments are guaranteed for life. The amount of the annuity payments can be fixed or variable depending on the terms of the annuity contract.

   While life annuities generally offer a reliable income source, they can have limitations or variations such as inflation-adjusted annuities or joint life annuities, which cover the lives of two individuals. Additionally, it is important to carefully consider the terms, rates, fees, and the reputation of the annuity provider before entering into a life annuity agreement.

   In summary, a life annuity is a financial product that provides a regular income stream for the duration of an individual's life, offering stability and financial support during retirement years.

2. An a. continued until the death of the annuitant.

   A practical medical dictionary. By Stedman, Thomas Lathrop. Published 1920.

3. A sum of money paid yearly to a person during life.

   Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Common Misspellings for LIFE ANNUITY

• kife annuity
• pife annuity
• oife annuity
• lufe annuity
• ljfe annuity
• lkfe annuity
• lofe annuity
• l9fe annuity
• l8fe annuity
• lide annuity
• lice annuity
• live annuity
• lige annuity
• lite annuity
• lire annuity
• lifw annuity
• lifs annuity
• lifd annuity
• lifr annuity
• lif4 annuity

Etymology of LIFE ANNUITY

The word "annuity" derives from the Latin word "annus", meaning "year". It entered the English language through the Old French term "annuité", which referred to an annual payment or allowance. The concept of an annuity has a long history, dating back to ancient Rome, where annuities were used to provide income or financial support to individuals.

The term "life annuity" combines "life" and "annuity". "Life" comes from the Old English word "līf", which also traces back to the Germanic language family. It refers to the state or condition of being alive. In the context of an annuity, "life" signifies that the payments will continue for the duration of a person's life.

Plural form of LIFE ANNUITY is LIFE ANNUITIES