individual annuities

Definition of "individual annuities"
  1. A policy that grants a regular benefit for the policyholder's lifespan or a defined period, typically beginning at retirement
How to use "individual annuities" in a sentence
  1. Most people purchase individual annuities as a safeguard against outliving their savings.
  2. The insurance broker suggested investing in individual annuities to ensure a steady retirement income.
  3. John used his retirement savings to buy individual annuities to provide regular income in his old age.

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