Contracts in which the insurer promises the insured a series of periodic payments are called

Name: Contracts in which the insurer promises the insured a series of periodic payments are called
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Annuities are contracts between an individual and an insurance company where the insurer agrees to make periodic payments to the insured, either immediately or at a future date, in exchange for a premium or series of premiums paid by the insured. This is a common financial product used for retirement planning.

Contracts in Which the Insurer Promises the Insured a Series