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 225 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?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

To combat osteoporosis, changes in lifestyle and diet are recommended. At-risk patients should include 1,200 to 1,500 mg of calcium daily either via dietary means or with supplements.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

The Period-Luminosity Relation The Period-Luminosity Relation
How to calculate regular payments or deposits using the annuity formula (Question 2) How to calculate regular payments or deposits using the annuity formula (Question 2)
Embryonic Period Embryonic Period
Embryonic Period Embryonic Period
Embryonic Period - 8th week Embryonic Period - 8th week
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Chemical Messengers Animation

For a complete list of videos, visit our video library