Annuities are generally purchased as a way to guard against the possibility that the annuitant will suffer a premature death.

Name: Annuities are generally purchased as a way to guard against the possibility that the annuitant will suffer a premature death.
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Annuities are typically purchased to provide a steady stream of income during retirement, helping to guard against the risk of outliving one's savings, not to protect against premature death.

Annuities Are Generally Purchased as a Way to Guard Against