Question 1
Use the following two columns of items to answer the matching questions below:
◦ a financial contract that provides annual payments over a specified period
◦ a fee imposed on money withdrawn from an annuity
Question 2
Which of the following statements is
not true of annuities?
◦ They can provide annual payments for life.
◦ They provide no tax advantages.
◦ They generally have high fees.
◦ You can withdraw your investment as a lump sum.