Explain how annuities represent the reverse of life insurance activities.

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:41 AM

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Explain how annuities represent the reverse of life insurance activities.

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A typical life insurance contract requires a periodic payment by one party for a promised ...View the full answer

Financial Markets and Institutions

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