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	<title>New answer on: How Do Life Annuities Work?</title>

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		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/annuities/how-do-life-annuities-work</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Sat, 03 Aug 2013 14:33:49 +0000</pubDate>

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		<description><![CDATA[Life annuities can be immediate annuities (a lump sum is paid into the annuity and payments begin immediately) or deferred (payments are made into the annuity on a regular basis until annuitization begins). The person receiving payments from the annuity chooses to receive them for the rest of their life. If their life would end after a short time, their may be a guaranteed feature to get back at least what they paid in. In any event, the annuity pays until death occurs.]]></description>

		

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		<title>By: Steve Savant</title>

		<link>https://insurancelibrary.com/annuities/how-do-life-annuities-work</link>

		<dc:creator>Steve Savant</dc:creator>

		<pubDate>Sat, 03 Aug 2013 12:34:44 +0000</pubDate>

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		<description><![CDATA[Life annuities are generally a lifetime payout of income based on the companies net interest rate and mortality credits assigned to the policy. Life only payout can generate an income you can&#039;t outlive. This is important because the number one risk in retirement is human longevity. So even if you live past age 100, your income continues. 
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