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Straight life annuity payout options. It does not make payments to your. Web what is a straight life annuity? Web a straight life annuity is essentially a line of payments for you and only you. Straight life annuities, also called single life annuities or life only annuities, are contracts that guarantee a stream of. As with other forms of annuities,. Web a straight life annuity is a contract that makes payments to you for the rest of your life. Web a straight life annuity, sometimes called a straight life policy, is a retirement income product that pays a benefit until death but forgoes any further. Straight life annuities do not include a. Web a straight life annuity pays a guaranteed stream of income but ceases payments upon the death of the annuitant. Then, it expires once you die.