Instead, they limited the ages of annuitants or the amount that could be invested.

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The return on investment is how the plan is able to pay its annuitants.

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Also monitoring the proceedings: lawyers for charitable gift annuitants whose payouts were halted with the bankruptcy filing.

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With an ordinary fixed annuity, I would need much less because an insurance company can provide income only during my lifetime (rather than into perpetuity), and they can diversify the uncertainty of my demise with other annuitants.

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