A temporary life annuity pays benefits until the death of the annuitant or the expiration of a specified period of time, whichever occurs first.

Question

Quizplus · Accepted Answer

A temporary life annuity indeed pays benefits until either the death of the annuitant or the expiration of a specified period, whichever comes first, differentiating it from a life annuity, which pays benefits until the death of the annuitant regardless of time.

A Temporary Life Annuity Pays Benefits Until the Death of the Annuitant