Annuities provide the annuitants with ________________.
Surrender charges usually apply only if the annuity has been in free:
"Insurers guarantee a minimum rate of interest dunning the time that the account is growing and periodic payment amounts of a specified amount for a stated period (either specific period 10 years indefinite period etc)." This statement is related to:
The actual amount of payment the annuitant pays is based on:
"A special type of annuity that involves a contract between the annuitant and insurer in which insurer credits the annuity account with return amounts based on changes in an equity index such as the S&P500 (composite price index)," is:
In case of an annuity with a spread of 3%, if the index gained 9%, the return credited to the annuity would be:
