answersLogoWhite

0

AllQ&AStudy Guides
Best answer

There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.

This answer is:
Related answers

There isn't a real difference between life annuity and an insurance annuity. Both are a form of life insurance and deal with the same issues. I would go with either one.

View page

A period certain annuity guarantees payments for a specific period, such as 10 or 20 years, regardless of the annuitant's lifespan. A life annuity provides payments for the lifetime of the annuitant, ensuring income for as long as they live but ceasing upon their death.

View page

Annuity Life is a contract of insurance between you the buyer and the seller. Variable Annuity Life is a company that covers retirement groups for schools, colleges and Health care.

View page

Yes an annuity is a life insurance product. Its kind of like the opposite of life insurance.

View page

If you are living alone, a single life annuity would be the best. However, if you have a family or a wife/husband, you may want to consider multiple life annuity.

View page
Featured study guide

Insurance

18 cards

What does HMO stand for

Managers for which type of employees use the amount of work completed to calculate the wages of an employee

Which type of insurance is sometimes used to guarantee the payment of a mortgage in case the insured dies

Which term is defined as the payment an insured makes to the insurance company on a regular schedule

➡️
See all cards
No Reviews
More study guides
No Reviews

No Reviews
Search results