Under the graded payment method of distribution for an annuity, the annuitant accepts a reduced payment during
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Under the graded payment method of distribution for an annuity, the annuitant accepts a reduced payment during the distribution’s early years in exchange for an increasing benefit. Can an individual achieve the same results by accepting the standard payment method and judiciously investing the amount by which the standard payment method benefit exceeds the graded payment method benefit? Why or why not?
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Related Book For
Fundamentals Of Risk And Insurance
ISBN: 978-1118534007
11th Edition
Authors: Emmett J. Vaughan ,Therese M. Vaughan
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