The main purpose of an annuity is to protect against:
A) premature death
B) outliving one's income
C) growing old
D) none of the above

Name: The main purpose of an annuity is to protect against: A) premature death B) outliving one's income C) growing old D) none of the above
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Question

Quizplus · Accepted Answer

The main purpose of an annuity is to protect against outliving one's income, providing a guaranteed stream of income for a specific period of time or for the duration of the annuitant's life.

The Main Purpose of an Annuity Is to Protect Against