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Seven Types of Annuity Plans
Annuity Payable for a Guaranteed Period: The annuity is paid for the guaranteed period, even after your demise. Annuity stops either on your demise or on completion of the guaranteed period, whichever is later.
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How Do Different Types Of Annuities Work?
Annuity Payable for a Guaranteed Period: The annuity is paid for the guaranteed period, even after your demise. Annuity stops either on your demise or on completion of the guaranteed period, whichever is later.