Feb 16, 2009 (Vanguard/All Africa Global Media via COMTEX News Network) -- Insurance companies have before the advent of Pension Reform Act 2004, been offering annuity products in various forms to ...
Question: Is it better to take a life annuity with a higher initial payout, but no escalation in the premium, or to take a life annuity with a lower initial payout but with an annual escalation?
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