When a lender uses your house as collateral to buy an annuity for you from a life insurance company, it is called:
A) an obverse annuity mortgage.
B) mortgage life insurance.
C) a reverse mortgage annuity.
D) a fixed annuity with level premium.
E) whole life insurance.
Correct Answer:
Verified
Q36: Federal programs are the major source of
Q37: At age 65, the life expectancy of
Q38: Which one of the following is a
Q40: Which one(s) of the following is (are)
Q42: Some retirement planning experts suggest that you
Q43: According to most financial planners, you will
Q45: A(n) _ is appealing because it allows
Q46: How many years can you expect to
Q90: Your first step in retirement planning is
Q94: The first step in stretching your retirement
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents