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

Author Question: During the funding period, the premiums paid for a variable annuity are used to purchase A) ... (Read 170 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
on: Jul 11, 2018
During the funding period, the premiums paid for a variable annuity are used to purchase
 
  A) annuity units.
  B) immediate participation shares.
  C) mutual fund shares.
  D) accumulation units.

Question 2

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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cpetit11

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: A


bobbysung

  • Hero Member
  • *****
  • Posts: 519
Reply #2 on: Jul 11, 2018
TY


cpetit11

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jul 11, 2018
Happy to Help


« previous next »
 

Did you know?

Looking at the sun may not only cause headache and distort your vision temporarily, but it can also cause permanent eye damage. Any exposure to sunlight adds to the cumulative effects of ultraviolet (UV) radiation on your eyes. UV exposure has been linked to eye disorders such as macular degeneration, solar retinitis, and corneal dystrophies.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

Cyanide works by making the human body unable to use oxygen.

The asymmetrical appearance of Mira, an oscillating variable star. The asymmetrical appearance of Mira, an oscillating variable star.
Sample purchase order form. Sample purchase order form.
A cutaway view of a typical variable fuel sensor. A cutaway view of a typical variable fuel sensor.
How to calculate regular payments or deposits using the annuity formula (Question 1) How to calculate regular payments or deposits using the annuity formula (Question 1)
Generation of diversity by variable V-J joining mechanisms Generation of diversity by variable V-J joining mechanisms
Embryonic Period - End of the 4th week Embryonic Period - End of the 4th week
Video: Component of feedback systems & Communication and regulation of body systems

For a complete list of videos, visit our video library