An insurance products are designed to provide a stream of income for the life of the annuitant.
An annuity is a financial product that provides regular payments over a period of time. It is typically used as an income stream in retirement, but can also be used to save for future expenses or investments. Annuities are typically purchased from insurance companies and are based on the individual's age, gender, health status, and other factors. Payments may be fixed or variable depending on the type of annuity chosen. They may also include additional features such as death benefits or guaranteed returns.
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