What is an annuity? Describe the different annuity variations for retirement distributions.
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Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...
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An annuity provides a recipient with an annual payout Single Life Annuity Receive a set monthly pa...View the full answer
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Related Book For 
Personal Finance Turning Money into Wealth
ISBN: 978-0133856439
7th edition
Authors: Arthur J. Keown
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