Stan paid an insurance company $50,000 for an annuity when he was 50 years old.At age 62,Stan plans to begin to receive payments from the insurer.Based on the description provided,this annuity can be described as a(n)
A) deferred annuity.
B) life annuity with guaranteed payments.
C) immediate annuity.
D) variable annuity.
Correct Answer:
Verified
Q2: Bridget started to fund a variable annuity.Three
Q3: When selling life annuities,what risk is the
Q6: Juanita paid a life insurer $45,000 in
Q7: Juanita paid a life insurer $45,000 in
Q7: Under an equity-indexed annuity,what name is given
Q13: Insurers offering variable annuities charge a number
Q15: Which of the following statements regarding the
Q16: Brad funded a life annuity through installment
Q17: Insurers offering variable annuities charge a number
Q20: Which of the following statements is (are)true
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents