Annuities...Beyond the basics

Assuming that you read part 1, this will move on to more concepts.  First, lets define a few things.  Annuities have a cost, and those costs can start to add up.  Understanding what those costs are, how they are calculated, and what they provide may provide some insight into using the annuity effectively.

• Those costs are as follows (I used examples from an insurance company I know well, they can vary by insurance company as well as version of the product):
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