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• A contract, usually issued by an insurance company, that generally provides for the accumulation of contributions and a guaranteed income paid at regular intervals, usually monthly, for a specified period of time or for life. Many annuity contracts have significant mortality charges.

  South Carolina Retirement Systems - Cite This Source - This Definition
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  Cite Definition for Annuity

  American Psychological Association (APA)

  Annuity. (n.d.). SCRS Glossary. Retrieved March 25, 2023, from website: http://www.expertglossary.com/definition/annuity.

  Chicago Manual of Style (CMS)

  Annuity. www.retirement.sc.gov. SCRS Glossary. South Carolina Retirement Systems. http://www.expertglossary.com/definition/annuity (accessed: March 25, 2023).

  Modern Language Association (MLA)

  "Annuity." SCRS Glossary. South Carolina Retirement Systems. 25 March. 2023 http://www.expertglossary.com/definition/annuity.

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