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- This system shows the issue of annuities. Annuities are insurance products which count on mortality and also purchase knowledge to defend against the loss of profits. They differ with life insurance since life insurance is developed for the defense of an individual's estate or loved ones following the passing of theirs, while annuities are developed to safeguard investors against outliving their superannuation and salary. Annuities have the essential operation of systematically liquidating particular sums of cash with a specified period. In this workout program we are going to learn about various kinds of annuities, the advantages of each and every type, and the various regulations linked with their liquidation.