Annuity Definition
Annuity
DEFINITION
DEFINITION
A fixed sum of money paid to someone each year, typically for the rest of their life. A contract sold by an insurance company designed to provide payments to the holder at specified intervals, usually after retirement. The holder is taxed only when they start taking distributions or if they withdraw funds from the account. All annuities are tax deferred.
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Terri J Lee S.
Arizona Member
I originally joined LegalShield because I wanted to get my will completed. However, I have kept my membership because of the value it provides. I feel good knowing that if I have a legal question or if I need help with a legal document, I can contact LegalShield. I would highly recommend this company, and in fact, I have referred some of my friends and family members
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Anthony L.
Texas Member
It was awesome! The Provider Firm that I spoke to was great and the cost of this service is great, too. My wife, kids and I have a Provider Firm in the palm of our hands. For $24.95/mo., the investment is well worth it.
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