Annuity : Definition , meaning and types of Annuity
Annuity : Annuities are a way of providing a steady source of income in the event that the person is faced by unemployment or has retired. Annuities can be customized to meet the particular needs of an individual. In general, annuities are available in two forms: instantaneous and deferred. Deferred annuities comprise three kinds: fixed, variable, and index.
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