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Home > Finance > Question

Annuity is:

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A) Both (A) and (B)
B) A financial product designed to pay out a stream of payments to the holder at a later point in time
C) Annual payment of dues
D) A sum of money received on a regular basis as one of a series of fixed payments

Correct Answer: A) Both (A) and (B)

• In highly strict financial terminology, an annuity correctly represents Both (A) and (B). • It heavily involves a guaranteed stream of fixed monetary payments made at Regular intervals. • Insurance companies frequently sell annuities as a highly stable, long-term Retirement income product. • If the payments are scheduled to continue forever, it is mathematically called a Perpetuity.

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