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What are annulties? An annulty is just the opposite of Iffe insurance. Ufe insurance is the systematic accumulation of an estate that is used for protection against financial loss resulting from premature death. In contrast, annuities are a means of securing a stpady cash flow during retirement. The period in which the premlums are paid toward the purchase of an annuity is called the period. The period when the annuity payments are made is called the period. The principal is the premium paid by the individual buying the annuity called the 1. Interest is eamed between the time annuities are accruing tax free but paid for. with after-tax dollars. If any portion of the principal and interest has not been returned, it is referred to as the benefit. Match the annulty terms on the right with the descriptions of the terms on the left. (Hint: These are not necessarily complete defintions, but there is only one possible answer for each term.) What are annuities? An annulty is just the opposite of life insurance. Lfe insurance is the systematic accumulation of an estate that is used for protection against financla loss resulting from premature death. In contrast, annuities are a means of securing a steady cash flow during retirement. The period in which the premiums are paid toward the purchase of an annuity is called the period. The period when the annuity payments are made is called the period. The principal is the premium I 7. Interest is earned between the time annuities are dual buying the annuity (called the with after-tax doliars, If any portion of the principal and interest has not been returned, it i he , aceruing tax free but paid for benefit. Match the annuity terms on the right with the descriptions of the terms on the left. (Hint: miseaictiorimecessarily camplete definitions, but there is only one possible answer for each term.) What are annulties? An annulty is just the opposite of life insurance. Life insurance is the systematic accumulation of an estate that is used for protection against financial loss resulting from premature death. In contrast, annuities are a means of securing a steady cash flow during retirement. The period in which the premiums are paid toward the purchase of an annulty is called the period. The period when the annuty payments are made is calied the period. The principal ie the nremium paid by the individual buying the annuity (called the ). Interest is e e time annuities are. accruing tax free but paid for with after-tax dollars, If any port It and interest has not been returned, it is referred to as the benefit. Match the annuity terms on the criptions of the terms on the left. (Hint: These are not necessarily complete defintions, but there is only one possible answer for. What are annuities? An annuity is just the opposite of life insurance. Lfe insurance is the systematic accumulation of an estate that is used for protection against financlal loss resulting from premature death. In contrast, annulties are a means of securing a steady cash flow during retirement. The period in which the premiums are paid toward the purchase of an annuity is called the period. The period when the annuity payments are made is called the period. The principal is the oremium paid by the individual buying the annuity (called the ). Interest is eamed between the time annulties are , aceruing tax free but paid for Illars. If any portion of the prindipal and interest has not been returned, it is referred to as the benefit. iity terms on the right with the descriptions of the terms on the left. (Hint: These are not necessarily camplete definitions, but there is itble answer for each term.) What are annuities? An annulty is just the opposite of life insurance. Life insurance is the systematic accumulation of an estate that is used for protection against financlal loss resulting from premature death. In contrast, annulties are a means of securing a steady cash flow during retirement. The period in which the premiums are paid toward the purchase of an annuity is called the period. The period when the annuity? payments are made is called the period. The princinal is the premium paid by the individual buying the annulty (called the 1. Interest is eamed between the time annuities are , sccruing tax free but paid for Wht after-tax doliars. If any portion of the principal and interest has no benefit. Match the annuity terms on the right with the descriptions of the terms arily compiete definitions, but there is only one possible answer for osch term.) What are annulties? An annulty is fust the opposite of life insurance. Ufe insurance is the systematic accumulation of an estate that is used for protection against financial loss resulting from premature death. In contrast, annuities are a means of securing a steady cash flow during retirement. The period in which the premlums are pald toward the purchase of an annuity is called the payments are made is called the period. The principal ie the afamium naid by the individual buying the annuity (called the 1. Interest is earned between the time annulies are accruing tax free but paid for benefit. Match the annuity terms on the right with the descriptions of the terms on the left. (Hint: These are not nece: only one possible answer for each ferm.)