As a tool for investment and financial security, the life insurance annuity has been around for quite a long time. Annuities first started the ancient Roman Empire. They were a way for Roman citizens to receive a yearly payment for their lifetimes or for several years in exchange for a large upfront payment. Early roman annuities were often given to Roman legionnaires as payment for years of faithful military service. (1) As time passed, the modern life insurance annuity began to take shape.
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