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What is another word for life annuity?

Pronunciation: [lˈa͡ɪf ɐnjˈuːɪti] (IPA)

Life annuity, also known as lifetime income or pension, is a financial arrangement that guarantees a fixed amount of income to an individual for the remainder of their life. However, there are several synonymous terms that can be used interchangeably for this concept. Some potential alternatives include lifetime payments, annuity for life, income during retirement, lifelong pension, or sustained income throughout one's lifespan. These terms reflect the essence of securing a steady stream of financial support that lasts for the entirety of an individual's existence. Whichever phrase is used, the core idea remains the same – ensuring a stable and reliable source of income for an individual throughout their lifetime.
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What are the opposite words for life annuity?

Life annuity is a financial term that refers to a contract between an individual and an insurance company. It guarantees a steady stream of income for the rest of the individual's life. Common antonyms for the term include "lump sum payment," "single payment," or "one-time payment." These antonyms refer to alternative payment options that do not provide a guaranteed regular income for the individual's lifetime. Another antonym could be "pay-as-you-go," referring to a payment plan where the individual receives payment only as long as they live, whereas a lump sum payment is made up front. Overall, the variety of antonyms for life annuity reflect the different options available for receiving payments and managing financial resources.

What are the antonyms for Life annuity?

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