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Life annuity
A life annuity is a financial contract in the form of an insurance product according to which a seller — typically a financial institution such as a life insurance company — makes a series of future payments to a buyer in exchange for the immediate payment of a lump sum or a series of regular payments, prior to the onset of the annuity.
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Actuarial present value
Certificate of life
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Pension
Retirement
Actuarial science
Investment
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