A life annuity that pays nothing to the beneficiary after the annuitant dies is called a __________ annuity.
A) period certain annuity
B) straight life annuity
C) refund annuity
D) joint and last survivor annuity
Correct Answer:
Verified
Q2: Life annuities may be classified according to
Q3: Insurers have greater administrative charges for flexible-premium
Q5: Assume you are analyzing two separate annuity
Q5: Why do insurers use a different mortality
Q6: Oprah has $250,000 and wishes to purchase
Q8: Which of the following is correct regarding
Q10: The variable annuity:
A) pays a fixed dollar
Q12: Which annuity provides for a built-in reduction
Q15: Life income annuities could be beneficial to
Q16: The main purpose of an annuity is
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