/ Dictionary / Index L life annuity: Meaning and Definition of Find definitions for: life' annu"ity Pronunciation: [key] — Insurance. Insurance. any annuity that is contingent upon the survival of the annuitant or annuitants, esp. an annuity that terminates with the death of a single annuitant. Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease. life-and-death life arrow Related Content Daily Word Quiz: knead Analogy of the Day: Today’s Analogy Spelling Bee: Today’s Spelling Bee Frequently Misspelled Words Frequently Mispronounced Words Easily Confused Words Writing & Language