Annuity may refer to: Annuity (finance theory) (distribution phase) any recurring periodic series of payments Annuity (accumulation phase): a tax deferred savings vehicle (See Pension) Life annuity: a financial contract providing payments for a person's lifetime Annuity (US financial products) Annuity (European financial arrangements) An annuity that's no definite end's called a perpetuity.… (More on Annuity)