Temporary Life Annuity Due

Definition of "Temporary life annuity due"

Wahid Shaikh real estate agent
Wahid Shaikh, Real Estate Agent Keller Williams Realty Boston Northwest

Limited number of payments, the first of which is due immediately, and payments thereafter are contingent upon the designated beneficiary (the annuitant) continuing to live. After the limit has been reached all payments cease even if the annuitant is still alive.


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