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-Explain the mechanics of an annuity that has these three features: it is an installment premium, deferred, variable annuity? -Although annuities and life insurance are

-Explain the mechanics of an annuity that has these three features: it is an installment premium, deferred, variable annuity?

-Although annuities and life insurance are both financial servise products that are based on principles of pooling and compound interest, there are some important differences between them, describe the major differences between life insurance and annutities?

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