A financial product that provides a fixed payment for the rest of the annuitant's life, often purchased as a retirement planning strategy.

जीवन वार्षिकी

English Usage: "She invested in a life annuity to ensure she would have a steady income in retirement."

Hindi Usage: "उसने सुनिश्चित करने के लिए एक जीवन वार्षिकी में निवेश किया कि उसे सेवानिवृत्ति में एक स्थिर आय मिलेगी।"