Much like life insurance, annuity contracts have a variety of settlement options available. What does a life annuity - no refund offer mean to the annuitant?
A) Larger payouts, ends upon death; no beneficiary payments
B) Longer payouts, beneficiary receives payouts upon death of annuitant
C) Larger payouts, and beneficiary receives payouts upon death of annuitant
D) Longer payout, no beneficiary payments
Correct Answer:
Verified
Q46: Why is the annuitant's age important in
Q47: If an investment performance is more than
Q48: Why is the Securities and Exchange Commission
Q49: When an individual purchases an annuity they
Q50: When the time comes for an annuity
Q52: What is the main difference between a
Q53: In a joint life and survivorship annuity,
Q54: If the owner of an annuity contract
Q55: If Jack and Jill both have $500,000
Q56: Which of the following explains a two-tiered
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