Life annuity and Pension

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Life annuity and Pension

Life annuity vs. Pension

A life annuity is an annuity, or series of payments at fixed intervals, paid while the purchaser (or annuitant) is alive. A pension is a fund into which a sum of money is added during an employee's employment years, and from which payments are drawn to support the person's retirement from work in the form of periodic payments.

Similarities between Life annuity and Pension

Life annuity and Pension have 8 things in common (in Unionpedia): Actuarial science, Defined benefit pension plan, Individual retirement account, Insurance, Mutual fund, Pension, Social Security (United States), Tax.

Actuarial science

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions.

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Defined benefit pension plan

A defined benefit pension plan is a type of pension plan in which an employer/sponsor promises a specified pension payment, lump-sum (or combination thereof) on retirement that is predetermined by a formula based on the employee's earnings history, tenure of service and age, rather than depending directly on individual investment returns.

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Individual retirement account

An individual retirement account (IRA) is a form of "individual retirement plan", provided by many financial institutions, that provides tax advantages for retirement savings in the United States.

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Insurance

Insurance is a means of protection from financial loss.

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Mutual fund

A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.

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Pension

A pension is a fund into which a sum of money is added during an employee's employment years, and from which payments are drawn to support the person's retirement from work in the form of periodic payments.

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Social Security (United States)

In the United States, Social Security is the commonly used term for the federal Old-Age, Survivors, and Disability Insurance (OASDI) program and is administered by the Social Security Administration.

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Tax

A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or other legal entity) by a governmental organization in order to fund various public expenditures.

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The list above answers the following questions

What Life annuity and Pension have in common
What are the similarities between Life annuity and Pension

Life annuity and Pension Comparison

Life annuity has 39 relations, while Pension has 140. As they have in common 8, the Jaccard index is 4.47% = 8 / (39 + 140).

References

This article shows the relationship between Life annuity and Pension. To access each article from which the information was extracted, please visit:

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