This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: James is concerned that if he purchases a fixed immediate annuity his funds will be tied-up and not ... (Read 75 times)

daltonest1984

  • Hero Member
  • *****
  • Posts: 536
on: Jul 11, 2018
James is concerned that if he purchases a fixed immediate annuity his funds will be tied-up and not accessible if an emergency arises. His insurance agent said that a rider could be attached to his annuity to address this concern. The rider is a(n)
 
  A) partial cash withdrawal rider.
  B) return of premium rider.
  C) guaranteed purchase option rider.
  D) waiver-of-premium rider.

Question 2

Agnes and Mary Clare, two elderly sisters, own an annuity covering both of their lives. The annuity pays benefits to them until the first sister dies, then the annuity terminates. Agnes and Mary Clare own a(n)
 
  A) flexible premium annuity.
  B) joint life annuity.
  C) longevity annuity.
  D) joint-and-survivor annuity.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jadwiga9

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


daltonest1984

  • Hero Member
  • *****
  • Posts: 536
Reply #2 on: Jul 11, 2018
Thank you


Jadwiga9

  • Sr. Member
  • ****
  • Posts: 316
Reply #3 on: Jul 11, 2018
No problemo


« previous next »
 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

A fixed action pattern elicited by a sign stimulus. A fixed action pattern elicited by a sign stimulus.
The Greek orders, from James Stuart, The Antiquities of Athens, London. The Greek orders, from James Stuart, The Antiquities of Athens, London.
Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1000 a year for ... Charlie Stone wants to retire in 30 years, and he wants to have an annuity of $1000 a year for ...
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
James Watson and Francis Crick’s metal-and wire model of DNA James Watson and Francis Crick’s metal-and wire model of DNA
Video: Fermentation pathways

For a complete list of videos, visit our video library