Fixed dollar annuities are widely used as a hedge against inflation.

Name: Fixed dollar annuities are widely used as a hedge against inflation.
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Question

Quizplus · Accepted Answer

Fixed dollar annuities do not provide protection against inflation as the payout amount remains fixed over time. In fact, they can be negatively impacted by inflation as the purchasing power of the fixed payout decreases. Inflation-adjusted annuities or variable annuities may offer inflation protection.

Fixed Dollar Annuities Are Widely Used as a Hedge Against