What is the main difference between a refund life annuity and a life annuity?
A) Refund life annuity guarantees more than the amount spent on the annuity purchase price
B) Life annuity guarantees more than the minimum amount spent on the annuity purchase price
C) Refund life annuity guarantees the annuitant will receive an amount at least equal to the purchase price.
D) Life annuity guarantees the annuitant will receive an amount at least equal to the purchase price on the annuity
Correct Answer:
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