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Minimum free look period for annuity granted to senior citizen in CA?
Wiki User
∙ 13y ago
it's 30 days
Wiki User
∙ 13y ago
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What is a period certain annuity and a life annuity?
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.
What The differences between ordinary annuity and annuity due?
ordinary annuity we paid at the end of the period annuity due we paid at the begging of the period
What The difference between ordinary annuity and annuity due?
ordinary annuity we paid at the end of the period annuity due we paid at the begging of the period
What best describes the annuity period?
An Annuity has two Periods: Accumulation and Payout.
What is a flexible variable annuity?
Annuity is the period of time allocating to make payments. The payments can be made at the begining or at the at of the period of time.
What is another term for accumulation period of an annuity?
Premium period
What is the difference between ordinary annuities and annuities due?
An annuity due is an annuity where the payments are made at the beginning of each time period; for an ordinary annuity, payments are made at the end of the time period. *an annuity due of (n) periods is equal to an ordinary annuity of (n-1) periods plus the payment.
How do you calculate how much investment is needed over a certain period to provide a monthly annuity for a period of years?
Just do a google search for "annuity calculators" in [your state]. Just do a google search for "annuity calculators" in [your state].
What is a lifetime annuity?
A lifetime annuity is a financial product that provides a stream of income payments to an individual for the rest of their life. It is typically purchased with a lump sum amount, and the amount of the payments is determined by factors such as the individual's age, gender, and life expectancy. Lifetime annuities offer a way to secure a guaranteed income for retirement or to provide financial security in old age.
What is a lifetime?
A lifetime annuity is an annuity that is purchased with a payout period that will, in most cases, give a predictable payment each month for the lifetime of the annuitant (the individual whose life the annuity is on).
How do you Become an Indian Citizen?
Indian citizenship is endowed on an indvidual who is either born here or has been living in Indian for a minimum period of five years. In addition to that, you can not be an Indian citizen and hold the citizenship of another country.
When does interest begins compounding in an ordinary annuity?
At the end of the second period
