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Earn +20 ptsQ: What is the difference between a lump sum and annuity?
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Is a annuity worth more or less than a lump sum payment received now that would be equal to the sum of all the future payments?
It is worth more than a one lump sum.
Which of the following is a description of an annuity?
the insured agrees to make a lump-sum payment or series of payments to an insurance company...
Which type of insurance contract requires a lump sum or periodic payment in exchange for receiving periodic payments from the insurance company?
As you have described it, this sounds very similar to an annuity.
Lump Sum Present Value Calculator?
Lump Sum Present Value Calculator Use this calculator to determine the present value of a future lump sum.
What is the difference between sum assured and sum insured?
No difference. Some companies use each word interchangeably.
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