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Investments glossary

Whole Life Annuity Due


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A whole life annuity due is a financial product sold by insurance companies that requires annuity payments at the beginning of each monthly, quarterly, or annual period, as opposed to at the end of the period. This is a type of annuity that will provide the holder with payments during the distribution period for as long as he or she lives. After the annuitant passes on, the insurance company retains any funds remaining.

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