« previous next »

Author Question: Which of the following is an advantage of a longevity annuity (longevity insurance)? A) Death ... (Read 114 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Jul 11, 2018
Which of the following is an advantage of a longevity annuity (longevity insurance)?
 
  A) Death benefits are paid to a beneficiary if death occurs during the deferral period.
  B) The interest rate credited to the cash value is higher than what is earned on traditional life insurance.
  C) Monthly benefits begin at an advanced age when other assets are likely to have been depleted.
  D) The policyowner has unrestricted access to the funds during the deferral period through loans and cash withdrawals.

Question 2

Some insurers offer a single-premium deferred annuity that does not begin paying benefits until an advanced age, such as 85. This product is called
 
  A) endowment insurance.
  B) equity-indexed annuity.
  C) life income with guaranteed payments annuity.
  D) longevity insurance.


Athena23

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

The average adult has about 21 square feet of skin.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Lung cancer. Photograph of part of a lung removed after death. The yellow area is a large tumor and Lung cancer. Photograph of part of a lung removed after death. The yellow area is a large tumor and
Jacques-Louis David, The Death of Socrates. Jacques-Louis David, The Death of Socrates.
Perspective analysis of Duccio, Annunciation of the Death of the Virgin, from the Maestà ... Perspective analysis of Duccio, Annunciation of the Death of the Virgin, from the Maestà ...
Project Management: Achieving Competitive Advantage, 5th Edition Project Management: Achieving Competitive Advantage, 5th Edition
Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition
Longevity in Animals Longevity in Animals
Video: Inflammation and Fever

For a complete list of videos, visit our video library