Which of the following would have the highest current value?
A) an immediate joint and 100 percent survivor annuity for two 60-year-old people that will pay $1,000 per month, with a five-year period-certain guarantee,
B) an immediate annuity for a 60 year old that will pay $1,000 per month,
C) an immediate joint and 100 percent survivor annuity for two 60-year-old people that will pay $1,000 per month,
D) a deferred straight life annuity for a 50 year old that will pay $1,000 per month beginning at age 60.
Correct Answer:
Verified
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
Q34: An annuity guarantees payments for the lifetime
Q36: A 10-year period-certain guarantee
A) is not available
Q37: Jill, age 39, can buy a deferred
Q38: An annuity that would be particularly suitable
Q39: An annuity that would be particularly suitable
Q40: A married couple with only one spouse
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