10 Questions
Who is usually the policyholder and annuitant in an annuity contract?
The investor
What is the purpose of the Annuity Calculator mentioned in the text?
To show growth based on regular deposits during the accumulation phase of an annuity
What determines the terms of an annuity based on the text?
The life expectancy and age of the annuitant
What does the annuity owner have the right to, based on the text?
The cash surrender value
In what phase of an annuity is the income payment determined?
Payout phase
What is the defining characteristic of an immediate annuity?
The time between the contract date and the first payment is short
What is the main purpose of an immediate annuity?
Provide a pension to a retired person
What is the difference between a Swiss annuity and a European annuity?
Tax treatment
What are the characteristics of payments made by an immediate annuity?
Level or fluctuating periodical payments made annually or at more frequent intervals
What is the duration of payments for an annuity certain?
Fixed duration during the lifetime of one or more persons
Calculate the growth of an annuity based on regular deposits using the Annuity Calculator. This tool is designed for the accumulation phase of an annuity and provides an accumulation schedule. For determining the income payment phase, consider using the Annuity Payout Calculator.
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