Investments glossary

Whole Life Annuity

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Quotes of the day:

Not all treasure is silver and gold, mate.

— Johnny Depp, Pirates of the Caribbean

A whole life annuity, also known as a life annuity, is a financial product sold by insurance companies which pays monthly, quarterly, semi-annual or annual payments to a person for as long as they live, beginning at a stated age. Annuities are usually purchased by investors who want to secure an income stream during retirement.

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