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Author Question: James is concerned that if he purchases a fixed immediate annuity his funds will be tied-up and not ... (Read 33 times)

daltonest1984

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on: Jul 11, 2018
James is concerned that if he purchases a fixed immediate annuity his funds will be tied-up and not accessible if an emergency arises. His insurance agent said that a rider could be attached to his annuity to address this concern. The rider is a(n)
 
  A) partial cash withdrawal rider.
  B) return of premium rider.
  C) guaranteed purchase option rider.
  D) waiver-of-premium rider.

Question 2

Agnes and Mary Clare, two elderly sisters, own an annuity covering both of their lives. The annuity pays benefits to them until the first sister dies, then the annuity terminates. Agnes and Mary Clare own a(n)
 
  A) flexible premium annuity.
  B) joint life annuity.
  C) longevity annuity.
  D) joint-and-survivor annuity.


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Jadwiga9

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


daltonest1984

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Reply #2 on: Jul 11, 2018
Thank you


Jadwiga9

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Reply #3 on: Jul 11, 2018
No problemo


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