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Annuity Homework help

An annuity is an effective financial planning tool that when used for the correct purpose, and in the correct situation, can serve tremendous worth to the annuity purchaser. It is a contract between you and a third party whereby in trade for making a stack payment, the insurance agency promises to do four essential things such as provide an income for lifetime or a certain period of time, asset growth or accumulation, a death benefit, long term care benefits. There are only two types of annuities: Fixed and Variable.

 

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