What Does Annuity Contract Mean?

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What does Annuity Contract mean? Read on to discover the definition & meaning of the term Annuity Contract - to help you better understand the language used in insurance policies.

Annuity Contract

Annuity Contract

Agreement that defines the type and terms of an annuity plan. It generally specifies the amount and number of payments, states the payback starting date, and names the annuitant and the beneficiary.

We hope the you have a better understanding of the meaning of Annuity Contract.

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