A financial contract that provides guaranteed payments until one's death is

Name: A financial contract that provides guaranteed payments until one's death is
Brand: Quizplus
Rating: 4.7 (53 reviews)

Question

Quizplus · Accepted Answer

A life annuity is a financial contract that guarantees payments until the death of the annuitant. It can provide a steady stream of income for retirement, and can be structured to provide payments for the annuitant's lifetime or for a specific period of time. The other options listed do not provide guaranteed payments until one's death.

A Financial Contract That Provides Guaranteed Payments Until One's Death