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A contract frequently purchased from an insurance company by the consumer at retirement to provide continual income over a specified period of time is called?
Wiki User
∙ 9y ago
Annuities are generally purchased through an insurance company. People who purchase annuities can receive payments in the future from their annuity.
Wiki User
∙ 9y ago
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A contract frequently purchased from an insurance company by the consumer at retirement to provide continual income over a specified period of time is called what?
An annuity
What is the contract purchased from an insurance company by the consumer at retirement to provide a continual income?
Annuity
What does retirement annuity mean for a pensioned insurance owner?
A retirement annuity provides a regular income stream during retirement, typically purchased from an insurance company. As a pensioned insurance owner, it means you receive fixed payments for life or a specified period, depending on the terms of the annuity contract. It helps supplement your pension and ensures financial stability in retirement.
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