Which of the following statements is (are) true about a longevity annuity (longevity insurance) ?
I.If the annuitant dies during the deferral period, the purchase price of the annuity is forfeited.
II.Longevity insurance is an example of an immediate annuity.
A) I only
B) II only
C) both I and II
D) neither I nor II
Correct Answer:
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