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life annuity

noun, Insurance.
any annuity that is contingent upon the survival of the annuitant or annuitants, especially an annuity that terminates with the death of a single annuitant. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Historical Examples
  • I would have sold my rentes; she should have had some of the principal, and I would have bought a life-annuity with the rest.

    Father Goriot Honore de Balzac
  • He rewarded her with a life-annuity of three thousand francs.

    Repertory Of The Comedie Humaine, Complete, A -- Z Anatole Cerfberr and Jules Franois Christophe

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