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Definition annuity
Annuity
In investment, an annuity is a series of payments made at equal intervals. Examples of annuities are regular deposits to a savings account, monthly home[...]
Life annuity
life annuity is an annuity, or series of payments at fixed intervals, paid while the purchaser (or annuitant) is alive. The majority of life annuities are[...]
Annuities in the United States
In the United States, an annuity is a financial product which offers tax-deferred growth and which usually offers benefits such as an income for life[...]