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.
Death cap (Amanita phalloides) is New Zealand’s most poisonous toadstool – and one of the most poiso
Bone fractures that occur before death show signs of healing. The process of fracture healing starts
Shortly after his death, George Washington had already become myth—part Moses, part angel—in this wo
Jacques-Louis David, The Death of Socrates.
How to calculate regular payments or deposits using the annuity formula (Question 2)
Determine the nominal annual rate of interest of the following ordinary general annuity.