What are the different kinds of annuities
5-year Certain-and-Continuous Annuity: Sam receives $494 a month for the rest of his life. If Sam dies within five years, Carol receives $494 a month for the remainder of the five-year period. If Sam dies after 5 years, Carol does not receive any benefits. 10-year Certain-and-Continuous Annuity: Sam receives $477 for the rest of his life. ................
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