What is the Definition of Pure Life Annuity?
A form of annuity that ends payments when the annuitant dies. Payments may be fixed or variable.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of Pure Life Annuity?
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