Which of the following is an advantage of a longevity annuity?
A) Death benefits are paid to a beneficiary if death occurs during the deferral period.
B) It is an immediate annuity.
C) Monthly benefits begin at an advanced age when other assets are likely to have been depleted.
D) The policyowner has unrestricted access to the funds during the deferral period through loans and cash withdrawals.
Correct Answer:
Verified
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