Oprah has $250,000 and wishes to purchase a single-premium annuity. All other things being equal,which of the following annuities will provide her with the smallest monthly liquidation payment?
A) 20 year period certain, joint and 2/3 survivor, single premium
B) 20 year period certain, single premium
C) 20 year period certain, joint and 2 survivor, single premium
D) Straight life annuity, single premium.
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
Q7: A life annuity that pays nothing to
Q8: Which of the following is correct regarding
Q10: The variable annuity:
A) pays a fixed dollar
Q12: An annuity, five years certain, makes payments
Q15: Life income annuities could be beneficial to
Q16: The main purpose of an annuity is
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