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Community: Investing Wiki

Term Of The Hour

cancel annuity: Original post by Andrew Mayfair of Demand Media An annuity is an investment vehicle and insurance contract that is often used by individuals close to retirement. An annuity works in two stages: accumulation and annuitization. During accumulation, you pay money over time or in a lump sum to the insurance company. Then, during the annuitization stage, the insurance company makes periodic payments to…

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