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Community: Investing Wiki

Term Of The Hour

annuity surrender fees: Original post by Ciaran John of Demand Media When you enter into a deferred annuity contract, you exchange a premium payment for the guarantee of a future income stream. Your premium grows during the accumulation phase, and you can either liquidate the contract or convert the contract into an income stream when the accumulation phase ends. You can also liquidate your contract during the…

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