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Agnes and Mary Clare, two elderly sisters, own an annuity covering both of their lives. The annuity pays benefits to them until the first sister

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Agnes and Mary Clare, two elderly sisters, own an annuity covering both of their lives. The annuity pays benefits to them until the first sister dies, then the army terminates. Agnes and Mary Clare own a joint life annuity joint-and-survivor annuity. flexible premium annuity longevity annuity

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