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What is the basic function of annuity? The systematic liquidation of accumulated funds. It is often used as a retirement income vehicle or as a way to manage and distribute funds from an estate. Explain Hot Questions Which type of contract liquidates and estate through recurrent payments? Annuity P, age 50, purchased an annuity that P will fund with $500/ month for 15 years. The correct term for this type of contract is an 'annuity contract. march 2024 weather chicago T, age 70, withdraws cash from a profit-sharing plan and purchases a Straight Life Annuity Which type of contract, liquidates an estate through recurrent payments? Annuity. G has been receiving monthly … Which type of contract liquidates an estate through recurrent payments? annuity. The annuity will then pay P retirement payments after the 15 years. What type of annuity has a cash value that is based upon the performance of his underlying investment funds? What are Liquidated Damages? In general, liquidated damages provisions specify a predetermined amount of money that must be paid as damages if one party fails to meet certain contractual requirements. bald basketball player for arkansas Kennedy Virginia Tech · Tutor for 3 years An annuity contract The question asks for the type of contract that is used to liquidate an estate through recurrent payments. If you’ve been looking to learn the ins and outs of purchasing stocks, you may have come across a type of contract known as an option. The abbreviation is used for both a type of steel and a. The annuity will then pay P retirement payments after the 15 years. greg gutfeld and elena moussa C) is … which type of contract liquidates an estate through recurrent payments All of the following statements regarding a tax sheltered annuity are true except. ….

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