T has an annuity that guarantees an income payment for the rest of his life. The contract also guarantees that if T dies before receiving payments for 20 years, the remaining payments will be paid to his son for the balance of 20 years. What type of annuity is this?
This article is about the city. For the unincorporated community in Champaign County, see Middletown, Champaign County, Ohio. For the community in Crawford County, see Middletown, Crawford County, Ohio. Middletown is a city located in Butler and Warren counties in the southwestern part of the U.S. state of Ohio. Formerly in Lemon, Turtlecreek, and Franklin townships, Middletown was incorporated by the Ohio General Assembly on February 11, 1833, and became a city in 1886.
Middletown is a city in Orange County, New York, United States. It lies in New York's Hudson Valley region, near the Wallkill River and the foothills of the Shawangunk Mountains. Middletown is situated between Port Jervis and Newburgh, New York. As of the 2010 United States Census, the city's population was 28,086, reflecting an increase of 2,698 from the 25,388 counted in the 2000 Census. The zip code is 10940. Middletown falls within the New York metropolitan area.