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24 December, 11:05

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

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  1. 24 December, 11:49
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    The annuity payout option which allows the policyowner to choose a pre-determined number of benefit payments is known as an "Ă„nnuity Certain". A certain annuity is generally less expensive and provides a better return than a whole life annuity as there is some risk that the policy holder will outlive the payment stream, known as longevity risk.
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