Match the descriptions with their terms:
-A/An _________________ has benefits that are expressed in terms of annuity units.
A) annuitant
B) annuity
C) annuity certain
D) annuity units
E) cash refund guarantee
F) exclusion ratio
G) flexible-premium annuity
H) immediate annuity
I) installment refund guarantee
J) joint and survivor annuity
K) single-premium annuity
L) straight life annuity
M) ten-year period-certain-life annuity
N) variable annuity
Correct Answer:
Verified
Q12: The distinguishing feature of the market value-adjusted
Q13: An annuity certain contains a survivorship element.
Q14: A temporary life annuity pays benefits until
Q15: After the total purchase price of an
Q16: Annuities are generally purchased as a way
Q18: Match the descriptions with their terms:
-A/An _
Q19: Match the descriptions with their terms:
-A/An _
Q20: Match the descriptions with their terms:
-A/An _
Q21: Match the descriptions with their terms:
-A/An _
Q22: Match the descriptions with their terms:
-The value
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