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Author Question: During the funding period, the premiums paid for a variable annuity are used to purchase A) ... (Read 261 times)

bobbysung

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on: Jul 11, 2018
During the funding period, the premiums paid for a variable annuity are used to purchase
 
  A) annuity units.
  B) immediate participation shares.
  C) mutual fund shares.
  D) accumulation units.

Question 2

Stan paid an insurance company 50,000 for a fixed annuity when he was 50 years old. At age 62, Stan plans to begin to receive payments from the insurer. There are no guarantees on the number of payments he will receive.
 
  Based on the description provided, this annuity can be described as a(n)
  A) deferred annuity.
  B) life annuity with guaranteed payments.
  C) immediate annuity.
  D) variable annuity.


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cpetit11

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

Answer: D

Answer to Question 2

Answer: A


bobbysung

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Reply #2 on: Jul 11, 2018
TY


cpetit11

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Reply #3 on: Jul 11, 2018
Happy to Help


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