4 Basic Annuity Options

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Author:
Brebre21
ID:
220421
Filename:
4 Basic Annuity Options
Updated:
2013-05-20 16:12:46
Tags:
Cram
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Description:
Exercise 3
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The flashcards below were created by user Brebre21 on FreezingBlue Flashcards. What would you like to do?


  1. 1 Immediate -
    Purchased with a single lump sum and payments are set to begin in at least 1 year.
  2. 2 Deferred -
    Purchased with a lump sum or payments over time, but insured makes no withdrawals for at least one year.
  3. 3 Fixed -
    Unchanged rate of interest and payments to the annuitant.
  4. 4 Variable -
    Varying rate of return and payment are not guaranteed.

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