any annuity that is contingent upon the survival of the annuitant or annuitants, especially an annuity that terminates with the death of a single annuitant.
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How to use life annuity in a sentence
In 1325 John Nichol, of Kenfig, gave his property to the abbey in return for a life annuity.Medival Wales | A. G. Little
The life annuity he undertook to pay me was sufficient to my subsistence.The Confessions of J. J. Rousseau, Complete | Jean Jacques Rousseau
He retired to Montrouge, to his cottage in the fields, and sold me his shop against a life annuity.The Queen Pedauque | Anatole France
He rewarded her with a life-annuity of three thousand francs.Repertory Of The Comedie Humaine, Complete, A -- Z | Anatole Cerfberr and Jules Franois Christophe
It is clear that he would buy a life annuity if he should buy the first 100 in one office, the second in another, and so on.A Budget of Paradoxes, Volume I (of II) | Augustus De Morgan