Can you explain what exactly is financial gain? I am doing a research paper and it must include this?

Answer 1

A financial gain is when an investment produces more money than the original cost.

http://www.thefreedictionary.com/financial+gain

Answer 2

Thank you! This helps the paper. I am a tiny bit scrambled with this class. LOL!

Answer 3

You're welcome.

Answer 4

I have one more question. how are annuities guaranteed until death? Can it be passed to another person?

Answer 5

The insurance company offering the annuities invests the money at a higher rate than it pays the individual.

This article explains various kinds of annuities.

http://www.sec.gov/answers/annuity.htm