Series 24: 3.8.7. Annuities

Taken from our Series 24 Online Guide

3.8.7. Annuities

Annuities are investment vehicles used to provide steady income to an individual after retirement, often until death. An annuity is a contract between an individual and an insurance company. The individual, also called the annuitant, invests money with the insurance company either as a lump sum or in periodic payments. At some point, the ins

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