Answered

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The primary purpose of an annuity is to:

A. Pay a death benefit
B. Invest money
C. Save money
D. Pay a lifetime income

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Final answer:

An annuity is a financial contract that provides predetermined payments at specified intervals, primarily aiming to offer a lifetime income to the individual until death.


Explanation:

An annuity is a financial contract that provides predetermined payments at specified intervals. The primary purpose of an annuity is to pay a lifetime income to the individual until death. It is a retirement vehicle that offers a fixed stream of money payments.


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