Which of the following is a characteristic of a longevity annuity (longevity insurance)?
A) payment of the face value of the policy at age 100
B) forfeiture of the purchase price if the annuitant dies during the deferral period
C) cash value can be borrowed or recouped through a nonforfeiture option
D) high-cost annuity compared to other life annuities
Answer: B
You might also like to view...
A company begins the week with a book value-per-share of $25. During the week it issues additional (common) shares at a price-per-share of $21. Compared to its (total) book value as of the beginning of the week, its new (total) book value is lower.
a. true b. false
Public relations played a major role in the successful publication of the final installation of the Harry Potter books by ________
A) building anticipation for the book's release B) providing the back story on the upcoming film version C) embargoing any hint of the book's plot D) investing heavily in conventional advertising strategies E) limiting supply of the book in its first week of sales