How do Annuity Principles Work?
Annuities are financial instruments sold by insurance companies that provide a stream of income you can’t outlive. The annuity principal is the reserve of money you use to purchase an annuity, and how that money accumulates. The three basic principles of annuities involve the owner, annuitant, and beneficiary.
Provided by: Mometrix Test Preparation
Last updated: 02/26/2018