Temporary Life Annuity Due
Definition - What does Temporary Life Annuity Due mean?
A temporary life annuity due is a payment owed on a temporary life annuity. The latter refers to an annuity that remains viable until a specified period of time passes or until the annuitant passes away.
Insuranceopedia explains Temporary Life Annuity Due
During the accumulation phase, the annuitant would have an temporary life annuity due per pay period until the annuitization phase during which they would receive regular payments from the annuity. Once the annuity expires or the annuitant dies, payments end.
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