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Annuities

How do Annuities work?

Annuities are products that are purchased from providers such as super funds and insurance companies with a lump sum. Annuities pay out a monthly, quarterly, half yearly or yearly cash flow and the payment can be increased each year by a fixed percentage or indexed to inflation depending on the type of annuity you purchase. Sometimes annuity payments vary depending on the performance of the underlying assets.

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