AnnuityTax Law Term “Annuity

Contract providing periodic payments beginning at retirement or other fixed date and continuing for a term of years or for the life of the annuitant.

An annuity is a series of payments made at equal intervals. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments. Annuities can be classified by the frequency of payment dates. Wikipedia

Browse topics related to ‘Annuity’

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