Which of the following statements is correct?
A) A deferred annuity allows an individual to receive payments from an annuity immediately.
B) A deferred annuity allows an individual to receive payments from a life insurance policy immediately.
C) A life insurance policy allows an individual to receive payments from an annuity at once.
D) A deferred annuity allows an individual to receive payments from a life insurance policy at some future date.
E) An immediate annuity allows an individual to receive payments from an annuity beginning at once.
Correct Answer:
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