Finance Formulas / July 13, 2018 / Luz Tyson
A depreciation rate is the percentage of a long-term investment that you use as an annual tax deductible expense during the period over which you claim it as a tax deduction. Because you use fixed assets, or major business investments, over time, it doesn't make sense to simply deduct the total amount you pay during the year you pay it.
In return for your lump sum, the insurance company promises to make regular payments to you (or to a payee you specify) for the chosen length of time most commonly for the remainder of your life, however long that may be.
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