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18-07-2017
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A lucky individual won the state lottery, so the state will be sending him a check each month for the next 25 years. what type of annuity products are they likely to use to provide these benefits?

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Erudite1 Erudite1

25-07-2017

The type of annuity product they are likely to use to provide the benefits is IMMEDIATE ANNUITY. Immediate annuity refers to long term, contract that provide immediate regular payment. The payment may be scheduled to last for life or for a specified period of time.

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