1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    There are several types of annuities, and all have a financial purpose. These types are based on different criteria.

    Time of Payout: Immediate or Deferred
    Payment Type: Single Premium or Flexible Premium
    Investment Type: Fixed, Indexed or Variable
    Liquidity Options: Withdrawal Penalties or No Withdrawal Penalties

    Financial annuities is a term that would most likely encompass all of these.
    Answered on May 17, 2013
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