What is a contingent annuity?

There can be a few different definitions but in short as it applies to insurance or financial services: = Two Main Annuity Types: Immediate and Deferred = The difference between deferred and...

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They are both good invesment instruments when used for the right purposes. Both are insurance policy contracts with distinctive features and differences.

In an ordinary annuity, the payments are fed into the investment at the END of the year. In an annuity due, the payments are made at the BEGINNING of the year. Therefore, with an annuity due, each...