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.
Franklin County is a county in the U.S. state of Ohio. As of the 2010 census, the population was 1,163,414, making it the second-most populous county in Ohio. Its county seat is Columbus, the state capital and most populous city in Ohio. The county was established on April 30, 1803, less than two months after Ohio became a state, and was named after Benjamin Franklin. Franklin County originally extended all the way north to Lake Erie before Ohio subdivided further into more counties.