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Let's assume you are the beneficiary of your great Aunt's life insurance policy- Sadly she passed away yesterday- You elect to receive annual payments from this policy for the next 20 years- The settlement amount is $500,000 and the interest accruing on the policy is an annual 8%- What will be your annual life insurance annuity payments?

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What Is the Difference Between Life and Health Insurance? 
Health insurance pays for your medical treatment, drugs, and preventative check-ups for you and others covered under your plan.

Life insurance provides a cash sum to your loved ones if you die during the length of the Life insurance policy.


Let's assume you are the beneficiary of your great Aunt's life insurance policy- Sadly she passed away yesterday- You elect to receive annual payments from this policy for the next 20 years- The settlement amount is $500,000 and the interest accruing on the policy is an annual 8%- What will be your annual life insurance annuity payments?






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