Wednesday, 30 November 2011
What Are Annuities?Annuity Definition: A Contract Among An Individual And An Insurance Corporation
What Are Annuities?Annuity Definition: a contract among an individual and an insurance corporation promising lifelong income in exchange for an upfront payment.Annuities, at their core, are straightforward financial instruments: you give me a chunk of your savings and I send you a monthly payment for the rest of one's life, no matter how long you live. In practice, this arrangement gets fleshed out in many ways. By far the most typical scenario is when
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment