Temporary Life Annuity Due
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.
Popular Insurance Terms
Act by a company that authorizes an agent to act on its behalf. ...
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Death benefit option in which a beneficiary of a life insurance policy receives the death benefit as a single sum payment instead of installments. ...
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