Which of the following is a characteristic of a longevity annuity (longevity insurance) ?
A) payment of the face value of the policy at age 100
B) forfeiture of the purchase price if the annuitant dies during the deferral period
C) cash value can be borrowed or recouped through a nonforfeiture option
D) high-cost annuity compared to other life annuities
Correct Answer:
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