An annuity that would be particularly suitable for the investment of an inheritance of $500,000 to fund a future retirement is

Name: An annuity that would be particularly suitable for the investment of an inheritance of $500,000 to fund a future retirement is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A single-premium annuity is particularly suitable for investing a lump sum amount, such as an inheritance, to fund future retirement. This type of annuity is purchased with a single, large payment and can grow tax-deferred until withdrawal.

An Annuity That Would Be Particularly Suitable for the Investment