Option 3 - Life Annuity definition

Option 3 - Life Annuity. We apply the annuity value to make monthly payments while the annuitant lives.

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Examples of Option 3 - Life Annuity in a sentence

If no Annuity Option is elected, Option 3 - Life Annuity with Cash Refund will automatically be applied.

Definition: Option 3 - Life Annuity

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