Examlex
Lobefins are thought to have evolved into__________ .
Deferred Annuity
An insurance product that delays income payments until the investor elects to receive them, typically at retirement.
Ordinary Annuity
A sequence of identical payments scheduled at consistent intervals where the interest accumulates after each cycle.
Deferred Annuity
A financial agreement which postpones the disbursement of income, periodic payments, or a one-time amount until chosen by the investor to be received.
Ordinary Annuity
Equal financial transactions executed at the close of each interval across a specific period.
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