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PART B DEFINITIONS i.Act: Means Insurance Act, 1938, as amended from timetotime.ii.Age: Means the age of the Primary Annuitant/Secondary Annuitant on the last birthday (as per the English calendar)iii.Assignee:
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Smart annuity plan v4 is a financial product that provides a structured income stream for individuals, typically designed to support retirement planning by combining elements of insurance and investment.
Individuals or entities that are participating in a smart annuity plan v4 are typically required to file, including insurance companies and policyholders.
To fill out smart annuity plan v4, individuals must provide personal information, details about the annuity contract, and any relevant financial or tax information as required by the filing guidelines.
The purpose of smart annuity plan v4 is to provide a reliable and secure source of income for individuals during retirement, ensuring financial stability and peace of mind.
The information that must be reported includes personal identification details, policy number, premium payments, benefit amounts, and any investment performance information.
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