Stan paid an insurance company $50,000 for a fixed annuity when he was 50 years old. At age 62, Stan plans to begin to receive payments from the insurer. There are no guarantees on the number of payments he will receive
Based on the description provided, this annuity can be described as a(n)
A) deferred annuity.
B) life annuity with guaranteed payments.
C) immediate annuity.
D) variable annuity.
Answer: A
Business
You might also like to view...
_______ is keeping costs low enough to achieve profits while pricing products at levels that are attractive to consumers.
A. Price control B. Margin maximization C. Total quality control D. Cost competitiveness E. Workforce efficiency
Business
Which of the following terms best represents the communication channel that a company uses to move its advertising messages from sender to receiver?
A) decoder B) media C) encoder D) communicator E) feedback loop
Business