What is a Single-Premium Annuity?
A single-premium annuity is defined as an annuity purchased by a single lump-sum payment is called a single premium annuity. The annuity itself is a contract between the company and the annuitant. Single premium annuities may be single-premium immediate annuities or single-premium deferred annuities, under which a single premium is paid.
Single Premium Annuity Quotes
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