Definition Of Annuity Due

Many people are not aware of the annuity due and they think that it is a complicated thing. But, it is not. It is a simple and easy-to-understand financial product. So, in this post, we will tell you about the annuity due.

What is Annuity Due?

An annuity due is a type of insurance where an individual receives payments for a fixed period of time. If you are worried about the amount that you will receive after a certain period of time then annuity due is the best option for you. In the annuity due, an individual pays an initial premium which is usually lower than the regular insurance policies. The insurance company will pay a fixed amount of money for a fixed period of time.

Annuity due definition:

Annuity means a periodic payment made to a person for a fixed period of time or a series of periodic payments for a fixed period of time.

Conclusion:

So, these were the definitions of the annuity due. It is a type of insurance where an individual receives payments for a fixed period of time. If you are worried about the amount that you will receive after a certain period of time then annuity due is the best option for you.