What is an annuity? Briefly explain how an annuity works and how it differs from a life
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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 is the opposite of life insurance It is the systematic liquidation of an estate designed ...View the full answer
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Related Book For 
Personal Financial Planning
ISBN: 978-1111971632
13th edition
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
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