An annuity, five years certain, makes payments to the annuitant:
A) for 5 years or until the annuitant's death, whichever event happens last
B) for only the first 5 years of the liquidation period
C) only if the insured dies within the first five years
D) for 5 years or until the annuitant's death, whichever event happens first

Question

Quizplus · Accepted Answer

The Answer of An annuity, five years certain, makes payments to the annuitant:
A) for 5 years or until the annuitant's death, whichever event happens last
B) for only the first 5 years of the liquidation period
C) only if the insured dies within the first five years
D) for 5 years or until the annuitant's death, whichever event happens first

An Annuity, Five Years Certain, Makes Payments to the Annuitant