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Annuity

An annuity is a contract between you and an insurance company in which you make a lump sum payment or series of payments and, in return, receive regular disbursements, beginning either immediately or at some point in the future—Read more at Investopedia. Kurt, Daniel. “What is an Annuity?” 10 December 2019

Related Articles:
  • Glossary: 403(b)
  • Glossary: Equity indexed annuity
  • Glossary: Guaranteed income rider
  • Glossary: Immediate annuity
  • Glossary: Indexed annuity cap

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