Annuity
Typically sold by life insurers, an annuity is a financial product which, in return for a lump sum, provides a guaranteed income every year for the rest of the retiree’s life or a specified period.
Typically sold by life insurers, an annuity is a financial product which, in return for a lump sum, provides a guaranteed income every year for the rest of the retiree’s life or a specified period.
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