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What is the definition of Annuity Prospectus?

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The Annuity Prospectus provides the prospective buyer with detailed information as to how the annuity will go. This is a legal document that shows the responsibilities and benefits of the annuity - how much the annuitant needs to pay and for how long, as well as how much the annuitant should expect when the annuity payments are about to start.

More than just a marketing tool, the annuity prospectus provides the details such as the stocks that are to be invested in (their companies), as well as other fundamentals and technical data. The prospectus should also show the company's goals (in terms of their investments), as well as how (and to what extent) they were successful in obtaining those investment goals.

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