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.
Fairfield is a city in Butler and Hamilton counties in the U.S. state of Ohio, near Cincinnati. Fairfield was incorporated in 1955. The population was 42,510 at the 2010 census. It includes the former hamlet of Symmes Corner, named after Celadon Symmes. The city school district is one of the largest in Ohio, with Fairfield High School graduating 842 students in June 2009.