Author Question: Married workers participating in a defined-benefit plan A) must receive a joint and last ... (Read 60 times)

urbanoutfitters · **on:** Jul 11, 2018

Married workers participating in a defined-benefit plan

A)

must receive a joint and last survivor annuity at retirement.
B)

will receive a joint and last survivor annuity unless they and their spouses elect a single life annuity.
C)

will receive a single life annuity unless they and their spouses elect a joint and last survivor annuity.
D)

need not be offered a joint and last survivor annuity, qualified pension plans need only offer single life annuities.

Question 2

Which of the following is an example of risk retention?

A)

Not driving an automobile to avoid having an accident
B)

Wearing a safety belt when driving
C)

Purchasing auto insurance
D)

Having a 200 deductible clause on your auto insurance policy