/sɪm·pəl ˈæn·jʊ·ɪ·ti/ – Phrase
Definition: niên kim trực tiếp (chi trả suốt đời cho người thụ hưởng).
A more thorough explanation: A simple (straight) annuity is a financial product that provides a series of periodic payments of a fixed amount for a specified period of time. It is a type of annuity that does not have any additional features or options, such as inflation adjustments or survivor benefits.
Example: A simple annuity is a type of financial product where a fixed amount of money is paid out at regular intervals, such as monthly or annually, for a specified period of time.