Match the descriptions with their terms:
-A/An _________________ is a contract providing for the liquidation of a sum of money through a series of payments over a specified period of time.
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
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 _
Q27: Match the descriptions with their terms:
-A/An _
Q28: Match the descriptions with their terms:
-The _
Q29: Match the descriptions with their terms:
-A/An _
Q30: Match the descriptions with their terms:
-The _
Q31: Assume an exclusion ratio of 75 percent
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