A pure annuity has the greatest monthly benefits per $1,000 of premium payment.

Question

Quizplus · Accepted Answer

A pure annuity provides a fixed income stream for the life of the annuitant or for a specified period. It typically offers the highest monthly benefits per $1,000 of premium payment compared to other types of annuities. This is because there are no additional features, such as death benefits or cash value accumulation, that reduce the monthly payout amount.

A Pure Annuity Has the Greatest Monthly Benefits Per $1,000