An annuity guarantees payments for the lifetime of the annuitant. A portion of each payment is not from

Name: An annuity guarantees payments for the lifetime of the annuitant. A portion of each payment is not from
Brand: Quizplus
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Quizplus · Accepted Answer

Expense charges are fees associated with the administration of the annuity, not a source of the payments to the annuitant. Payments typically come from a combination of principal liquidation, investment earnings, and potentially survivorship benefits, but not from expense charges.

An Annuity Guarantees Payments for the Lifetime of the Annuitant