Question: What is an annuity? What is the difference between a fixed annuity and a variable annuity? What is the main disadvantage of annuities?

What is an annuity? What is the difference between a fixed annuity and a variable annuity? What is the main disadvantage of annuities?

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An annuity is a financial contract that provides annual payments for a specified period or for the a... View full answer

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