Under What Circumstances Might an Individual Want to Establish an Annuity

question 8

Essay

Under what circumstances might an individual want to establish an annuity contract in retirement?

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Definitions:

Sahelanthropus

An extinct genus of hominids believed to be one of the earliest members of the human lineage, dating back to approximately 7 million years ago.

Hominin Discovered

Refers to the finding of fossils or evidence of ancient human ancestors, extending the understanding of human evolution.

Homo Neanderthalensis

Human species living in Europe and western Asia from about 250,000 to 28,000 years ago; may have interbred with modern humans (Homo sapiens).

Homo Habilis

an early human species known for tool use, existing approximately 2.1 to 1.5 million years ago in Africa.