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Annual-premium annuity
Let's discuss the concept of a deferred annuity, which involves paying the purchase price in yearly installments. This financial instrument allows for future payments to be made at a later date, typically in retirement. It offers a way to save for the future and can provide a steady stream of income during retirement. As a knowledgeable professor of finance, I encourage you to explore the benefits and considerations of a deferred annuity as part of your financial strategy.
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