Definitions for "Single life annuity"
A single life annuity provides you with regular payments for as long as you live. No amounts are payable to your beneficiary upon your death.
Periodic payments for the life of the participant with no benefits payable after the participant's death.
An annuity covering one person. A straight life annuity provides payments until death, while a life annuity with a guaranteed period provides payments until death or continues payments to a beneficiary for a guaranteed term, such as ten years.