The type of cell reproductionin which a small, new cell develops from the surface of an existing cell and then seperates from the parent cell is know as _________and is normal mode of replication in _________.
An annuity is a type of policy issued by an insurance company that allows you to save money for retirement. The money you pay in can be either a lump sum or a number of payments. These contributions then earn interest, generally tax-deferred, and after a period of time, provide you with a stream of income.ith a Fixed Annuity, money is placed in fixed-rate investments such as bonds, where it will earn a fixed interest rate for a certain period of time. For most fixed annuities, a minimum interest rate is guaranteed. With a Fixed Annuity, the insurance company is taking the investment risk.
In its most general sense, an annuity is an agreement for one person or organization to pay another a stream or series of payments.Usually the term âannuityâ relates to a contract between you and a life insurance company, but a charity or a trust can take the place of the insurance company.There are many categories of annuities. They can be classified by: 1  Nature of the underlying investment â fixed or variable. Protection from creditors. 2  If you own an immediate annuity (that is, you are receiving money from an insurance company), generally the most that creditors can access is the payments as theyâre made, since the money you gave the insurance company now belongs to the company.