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How expensive is it to insure a One million dollar prize?

April 26, 2017dollar expensive insure million prize

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How expensive is it to insure a One million dollar prize?

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The cost of a One Million dollar Prize can be relatively inexpensive if the promotion is more difficult. Furthermore, a one million dollar prize can be awarded as an annuity in 20, 30, or 40 year increments, or as a lump sum. Choosing to award a One million dollar prize value as an annuity significantly reduces the present value and will decrease the premium as opposed to a lump sum payment.