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When the Maturity Date of the Annuity Arrives, the Insurer

Question 339

Multiple Choice

When the maturity date of the annuity arrives, the insurer begins making a series of payment to the annuitant over a stated period (Known as__________) .


A) Accumulation period
B) Lump-sum payment period
C) Payment release period
D) Pay-out period

Correct Answer:

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