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What is a temporary life annuity? I have been looking into a life annuity as an alternative to a pension and came across this product. Any insights would be appreciated. Thanks.
Hi there,
A temporary life annuity is an insurance policy which pays out a recurring benefit in the form of an annuity for a predetermined period of time. This sets it apart from standard life annuities which pay out benefits until your death.
Best regards from Moneyguru
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