A type of investment account that can be used to save for retirement or to generate regular income payments in retirement. (investor.vanguard.com)
In this case, you will be guaranteed to continue receiving regular income payments for the remainder of your life, regardless of how long that is. (termlife-insurance.com)
A type of investment account that can be used to save for retirement or to generate regular income payments in retirement. (investor.vanguard.com)