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ANNUITIES
TYPES
OF ANNUITIES
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FIXED ANNUITIES
are a promise to pay the
annuitant a fixed number of dollars each month or year (or other time period)
for the duration of the payout period. Under a fixed annuity, the investment yield, and the expense factor are guaranteed by the
issuer.
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VARIABLE ANNUITIES
are life insurance annuity contracts
where the premium is immediately turned into
units of a portfolio of stocks. At retirement, the policyholder is paid
according to his accumulated units whose dollar value varies according to the
performance of the stock portfolio.
Call CAPITAL SECURITIES
at 1-800-553-6700 for details.
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