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What is the use of annuities in insurance?

Answer . I can answer from a claims perspective. I have settled many claims with minor children using annuities. For example a 10 year old child is hurt in a car accident,

What is a deferred annuity?

  An annuity that will not begin until some time period in the future. A deferred annuity is an annuity in which the taxes due on any taxable portion is deferred until you

What is the definition of an annuity?

Annuity is a set of payments of a set size and frequency, usually made to someone who is retired. They are most often made annually, either for a person's lifetime or for a se

What does 'annuity' mean?

-noun, plural -ties. 1. a specified income payable at stated intervals for a fixed or a contingent period, often for the recipient's life, in consideration of a stipulated pre

What are annuities?

      There can be a few different definitions but in short as it applies to insurance or financial services:   = Two Main Annuity Types: Immediate and Deferre

What is a life annuity?

An annuity is long-term retirement savings product that can help protect you against the risk of outliving your assets. It is a contract between you and an insurance company:

How do you prorate an annuity?

Annuities generally do not need to be probated. Because annuities allow for the naming of a beneficiary, they pass to heirs by function of law and are not part of the probate

What is the definition of annuity?

According Wiktionary, which is public domain, annuity can take on the following meanings:  A specified income payable at stated intervals for a fixed or a contingent period,

Can you use 'me' in a sentence at the beginning of a sentence?

Yes, as long as it retains its object function: "Me he doesn't like" is a forceful variant of "He doesn't like me." 'Me' is an object pronoun. It cannot function as the subj

What is annuity?

Technically, the term "annuity" means "a series of payments over time, where the original investment and interest will be distributed over the annuity payout period". However,

Who can have an annuity?

According to www.retireright.co.uk, anyone who has some  form of retirement income which is capable of being paid out in a  lump sum can have an an annuity.  Think of an an