________ is an insurance product that will help if you live longer than you expect.For an initial fixed sum or stream of payments,the insurance company agrees to pay you a fixed amount for as long as you live.

Question

Quizplus · Accepted Answer

An annuity is an insurance product specifically designed to provide lifetime income to the policyholder. It is meant to help individuals who live longer than expected by providing guaranteed income payments for the duration of their life. An annuity can be purchased through a lump sum payment or a series of payments, and the insurance company promises to pay a fixed amount for as long as the policyholder lives.

________ Is an Insurance Product That Will Help If You