a contract frequently purchased from an insurance company by the consumer at retirement to provide a continual income over a period of time is what
2006-10-04 04:28:56 · 5 answers · asked by xo_taz_ox 1 in Business & Finance ➔ Personal Finance
An annuity.
2006-10-04 04:32:39 · answer #1 · answered by sjoschko 3 · 0⤊ 0⤋
Its an annuity!!
Her is some more info:
An annuity is an insurance contract. An annuity contract is created when an individual gives the insurance company money which may grow tax deferred and then can be distributed back to the owner in several ways.
There are two types of annuity contracts: the immediate annuity, which guarantees payments for a period of years or the lifetime of an individual or couple, and the deferred annuity, which grows tax deferred until such time as the annuity contract is annuitized (converted into an immediate annuity) or cashed in (either in periodic withdrawals or in a lump sum).
2006-10-04 05:22:00 · answer #2 · answered by PADRE 2 · 0⤊ 0⤋
Annuity
2006-10-04 04:33:11 · answer #3 · answered by grandbendbeachboy 2 · 0⤊ 0⤋
annuity
2006-10-04 04:33:03 · answer #4 · answered by golferwhoworks 7 · 0⤊ 0⤋
an annuity.
2006-10-04 04:36:18 · answer #5 · answered by auntb93again 7 · 0⤊ 0⤋