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Community: Investing Wiki

Term Of The Hour

early surrender annuity: Original post by Sue-Lynn Carty of Demand Media Most annuities are designed as long-term investment vehicles. Deferred annuities defer payments until a later date, while immediate annuities typically begin making payments right away. When an annuitant -- the person who owns the annuity contract -- cashes in his deferred annuity before the contract annuitizes or before he is age 59 1/2, he will…

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