Lifetime annuity
\ˈlaɪfˌtaɪm\ \əˈnuəti\
A financial instrument offered by an insurance company that pays a regular income to the recipient for the rest of their life.
\ˈlaɪfˌtaɪm\ \əˈnuəti\
A financial instrument offered by an insurance company that pays a regular income to the recipient for the rest of their life.