Unlike many 401(k) plans, cash balance plans are required to offer employees the ability to receive their benefits in the form of lifetime annuities.

He was named "president emeritus" and given a lifetime annuity of $15,000 a year.

The Canadian government gave him a lifetime annuity to work on his research.

And we should not compare a guaranteed lifetime inflation-adjusted annuity to a 401(k) plan or brokerage account.

But Social Security retirement benefits, which come as a lifetime annuity widely regarded as better and safer than one from any insurance company, are different.

But private accounts would most likely result in a new market for lifetime annuities, financial instruments that guarantee a specific income for life.

Well, I'm offering you an extra twenty thousand, on a lifetime annuity.

If the amount is not enough, a lifetime annuity can be purchased to make up the difference.

For that, Mr. Lafferty is now richer by at least $500,000 a year; she left him a lifetime annuity.

In 2001, Win for Life, which awards its top prize as a lifetime weekly annuity, was introduced.