Match the descriptions with their terms:
-A/An _________________ assures the annuitant a lifelong income and guarantees that a minimum number of payments will be made regardless of the time of the death of the annuitant.
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
Q15: After the total purchase price of an
Q16: Annuities are generally purchased as a way
Q17: Match the descriptions with their terms:
-A/An _
Q18: Match the descriptions with their terms:
-A/An _
Q19: 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
Q23: Match the descriptions with their terms:
-A/An _
Q24: Match the descriptions with their terms:
-A/An _
Q25: Match the descriptions with their terms:
-A/An _
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