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Financial Terms related to Annuity
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glossary with more than five thousand financial
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Findthousandsoffinancialtermsatwww.
ftpall.
com
Financial Terms related to Annuity
This document is part of the valuable contents
available at www.
ftpall.
com, a free online
glossary with more than five thousand financial
and business terms.
This document can be copied and distributed freely
respecting its original format.
It is forbidden its
transcription, translation or change on its format
without authorization of its author or editor.
ANNUITY
Annuity
• Is an insurance product which comes in two basic forms: fixed and variable.
The
fixed version can make a lump sum or periodic lifetime payments to the annuitant.
The variable version has a separate account attached to the annuity contract.
This
type of contract is considered a security because it is dependent on equities and its
total value is subject to fluctuate due to market risk.
There are many annuity
varieties.
Some are: Annuity Certain, Annuity Due, Deferred Annuity, Fixed Annuity,
Life Annuity, Ordinary Annuity, Perp
Less