Temporary Life Annuity


Definition of "Temporary life annuity"

Stacy Priehs
  O'Connor Realty

Annuity that provides income payments for a number of years provided the annuitant is alive to receive them. All income payments cease upon the death of the annuitant.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Nonassessable Policy

Insurance contract under which a policy owner cannot be assessed for adverse loss and expense experi ...

Voluntary Deferral Plan

Vehicle for the deferring of unneeded current income for a later date, such as retirement, providing ...

Incidental Contract

Secondary (not primary) reason for forming a contract. In group insurance, the group must be formed ...

Flexible Rate Mortgage (FRM)

Mortgage that has an interest rate that changes based on some event. For example, the interest rate ...

Stated Assets

A documentation rule where the borrower discloses assets and their source but the lender does not v ...

Building Setback

Municipal ordinance stating the distance from a curb or property line where the building of a struct ...

Related Real Estate FAQ

What Do I Need To Know About Business Insurance?

Commercial insurance is designed to help protect many of the risks your business can face, including ...

What Is An Interest Rate?

An interest rate is the percentage the lender charges you for borrowing money. ...

What Is A Contingency?

A contingency is a provision included in a sales contract stating that certain events must occur or ...

What Is Escrow?

Escrow is a trust account created by a neutral third party to hold money for the seller or buyer. Wh ...

What Are Paid Advertorials?

Paid advertorials are articles written by public relations professionals that have just one goal in ...

What Is The Tax Benefits Of Buying A Home?

RealEstateAgent.com calculator estimates the tax benefit of buying a home. Input your loan parameter ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

6 Reasons you are not selling properties What is Earnest Money How is Square Footage Determined? 3 tips to ensure your sale goes through Rent or Buy - the pros and cons

FAQ

Who is a subagent? What is a broker? What is a contingency? What is depreciation? Do I need Earthquake Insurance?