How does an annuity differ from life insurance?
Question:
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
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Life insurance provides protection against dying too soon before ...View the full answer
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Related Book For 
Principles Of Risk Management And Insurance
ISBN: 399
12th Edition
Authors: George E. Rejda, Michael McNamara
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