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This is a payment made at a fixed interval. A typical example is the payment received by retirees from their pension plan. There are two main classes the annuities: annuities specific and arbitrarily annuities. Under one annuity certain, a specified variety of payments are made, after i beg your pardon the annuity stops. V a arbitrarily annuity, each payment depends on the continue of a offered status; for example, a life annuity continues only as long as the receiver survives. Arbitrarily annuities depend on common risk. Everyone pays in till the annuity begins; some will live long enough to collect much more than they have actually paid, if others will not live long sufficient to get earlier the money lock invested.
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part of her retirement income will come from an annuity. his grandfather"s will provided him with an annuity that $5,000 a year come be offered for school costs
Recent instances on the net In enhancement to the prize money, over there is $2.1 million in annuity bonus money up because that grabs because that the top-five finishers in the standings. — Todd Kelly, The Arizona Republic, 10 Nov. 2021 The 30 payments added up same the value of the annuity. — sarah Brookbank, The Enquirer, 29 July 2021 The credit line/annuity combination has some other advantages over the tenure payment. — Jack Guttentag, Forbes, 19 Apr. 2021 This can be as straightforward as make a charitable gift annuity. — Steve Parrish, Forbes, 13 Oct. 2021 Life insurance sales have actually been declining at Allstate due to the fact that 2018 and also annuity sales to be discontinued in 2014. — Robert Channick, chicagotribune.com, 8 Oct. 2021 In 2019, BlackRock approached insurance money firms as potential annuity providers because that a new retirement product. — Dawn Lim, WSJ, 6 Oct. 2021 The winner will have the ability to choose between the annuity option paid over 29 year or the cash option of $496 million. — Chron, 5 Oct. 2021 The jackpot amount refers to the payout for winners who pick the annuity option, which gives 30 payments end 29 years. — CBS News, 1 Oct. 2021
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History and Etymology because that annuity
center English annuite, from Anglo-French annuité, from medieval Latin annuitat-, annuitas, from Latin annuus yearly
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Time Traveler for annuity
The very first known use of annuity was in the 15th century
See an ext words native the very same century