ttention Due to a bug in Google Chrome, this page may not function correctly. Click here to learn more 13. Vocabulary - Annuities Aa Aa 3 What Are Annuities? An annuity 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 annuity is called the period. The period when the annuity payments are made is called the period. The distrution premium paid by the individual buying the annuity (called the ). Interest is earned accumulation Innuities are accruing tax free but paid for with after-tax payment tion of the principal and interest has not been returned, it is referred to as the benefit. Terminology: Annuities Match the terms relating to the basic terminology and concepts associated with annuities on the left with the descriptions of the terms on the right. Read each description carefully and type the letter of the description in the Answer column next to the correct term. 13. Vocabulary - Annuities What Are Annuities? An annuity 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. period The period in which the premiums are paid toward the purchase of an annuity is called the 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 payment is earned between the time annuities , accruing tax fre accumulation h after-tax dollars. If any portion of 1 distribution benefit. the principal and interest has not been returned, it is referred are 13. Vocabulary - Annuities Aa Aa E What Are Annuities? An annuity 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 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 ). Interest is earned between the time annuities are accry contributor paid for with after-tax dollars. If any portion of the principal and interest has not been returned, it is annuitant benefit. buyer 13. Vocabulary - Annuities Aa What Are Annuities? An annuity 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 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 ). Interest is earned between the time annuities are accruing tax free but paid for with after-tax dollars. If any portion of the paid for and distributed ed, it is referred to as the benefit. paid for and retirement paid for and survivorship distribution Terminology: Annuities 13. Vocabulary - Annuities Aa What Are Annuities? An annuity 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 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 . Interest is earned 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. unused survivorship Terminology: Annuitie remainder