life annuity
英 [laif əˈnu:ɪti:] 美 [laɪf əˈnuɪti]

n.

终身年金；

英英释义

Life annuity

• A life annuity is a financial contract in the form of an insurance product according to which a seller (issuer) — typically a financial institution such as a life insurance company — makes a series of future payments to a buyer (annuitant) in exchange for the immediate payment of a lump sum (single-payment annuity) or a series of regular payments (regular-payment annuity), prior to the onset of the annuity.

以上来源于:Wikipedia

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