Definitions for "Life Income"
A pension, annuity or life insurance payment option that guarantees the recipient an income for life.
A settlement option, or payment plan, that guarantees the beneficiary of a life insurance policy or annuity contract regular payments for life
A pension or annuity guaranteeing the recipient an income for life upon attaining a certain age. Also, an arrangement providing income for life.
a retirement income that you can receive from your LIF every year until your death