Annuity Myths: Things Everybody Knows About Annuities
1 A “deferred annuity” is a contract in which “annuity income” (in the form of payments under a chosen annuity payout option) will not be received immediately (i.e.: during the first contract year). The term “fixed”, in “fixed annuity”, refers to the fact that contract value is stated in terms of units of a fixed … ................
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