Annuities

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

Under which of the following annuity options does the annuitant select the time period for the benefits, and the insurer determines how much each payment will be?

Installments for a fixed period

All of the following statements are true regarding installments for a fixed period annuity settlement option EXCEPT

It is a life contingency option.

The president of a company is starting an annuity and decides that his corporation will be the annuitant. Which of the following statements is true?

The annuitant must be a natural person.

Under the __________ option, the annuitant selects the time period for the benefits; the insurer determines how much each payment will be. This option pays for a specific amount of time only, and there are no life contingencies.

installments for a fixed period annuity settlement

Under the "____________" option, the annuitant selects the time period for the benefits, and the insurer determines how much each payment will be. This option pays for a specific period of time only, and there are no life contingencies.

installments for a fixed period


संबंधित स्टडी सेट्स

Evolve: Endo, Endocrine NCLEX, Endocrine Disorder chapter 50 NCLEX Questions, Endocrine NCLEX Practice Questions, Chapter 63 Care of Patients with Problems of the Thyroid Parathyroid Glands, Endocrine NCLEX Questions, NCLEX practice: endocrine, Chapt...

View Set

Section 20 Basic learning concepts and Classical conditioning

View Set

Anatomy-Lesson 19: Muscles of the Forearm and Hand

View Set

Criminology and Justice Checkpoint 11, 12, and 13

View Set