Because failure to record a liability generally leads to failure to record an expense, it usually results in an overstatement of income

Income paid to an annuitant under a life annuity is comprised of all the following EXCEPT:

(a) Interest earnings (b) Insurer expenses (c) Premiums paid (d) Unliquidated funds from those who die early

According to your text, evaluating responses judge or advise

Indicate whether the statement is true or false.