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26 October, 19:33

Which annuity payout option allows the policyowner to choose a pre-determined number of benefit payments?

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  1. 26 October, 21:56
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    The annuity payout option that allows the policyowner to choose a pre-determined number of benefit payments is known as an Annuity Certain. Which is a financial instrument that provides a stream of payments, for a predetermined number of years. If the annuitant dies before the payment term ends, an annuity certain will continue a stream of payments remitted to the annuitant's beneficiary or estate.
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