This is an annuity that makes periodic payments to the annuant and will only stop with the annuants death. The premiums are deemed to be fully earnt and paid. These are deemed paid as a discount towarsd the annunats possible death.
PURE ANNUITY
This is an annuity that makes periodic payments to the annuant and will only stop with the annuants death. The premiums are deemed to be fully earnt and paid. These are deemed paid as a discount towarsd the annunats possible death.