A 45-year-old single male has very little in liquid assets but is saving for retirement. It is certain that he will retire in 10 years and require an income of a very accurately estimated amount at that time. An annuity that would be most suitable for him is
A) an annuity certain,
B) a temporary annuity,
C) an annual-premium annuity,
D) a single-premium deferred straight life annuity.
Correct Answer:
Verified
Q35: Which of the following would have the
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
Q41: Jim is 50 years old, childless, and
Q42: Which of the following statements regarding variable
Q43: An early withdrawal penalty tax generally will
Q44: If a single-premium immediate variable annuity is
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