Match the descriptions with their terms:
-The _________________ represents the portion of each annuity payment that is not included in the recipient's taxable income.
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
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 _
Q26: Match the descriptions with their terms:
-A/An _
Q27: Match the descriptions with their terms:
-A/An _
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
Q32: If Harry can purchase a straight life
Q33: Which of the following is not a
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