Which one of the following statements concerning annuities offered by insurers is not true?
A) Interest on annuities is not taxed until the investor receives the payments.
B) Annuity payments may be fixed or variable.
C) Annuity contributions are not capped by the IRS.
D) Annuities can be deferred or immediate.
E) Annuity payments must cease upon the policyholder's death.
Correct Answer:
Verified
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