This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: During the funding period, the premiums paid for a variable annuity are used to purchase A) ... (Read 244 times)

bobbysung

  • Hero Member
  • *****
  • Posts: 519
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

cpetit11

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: A


bobbysung

  • Hero Member
  • *****
  • Posts: 519
Reply #2 on: Jul 11, 2018
TY


cpetit11

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jul 11, 2018
Happy to Help


« previous next »
 

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Fossil from the Carboniferous period Fossil from the Carboniferous period
The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce
When young infants hold objects for a long period of time they eventually become habituated to them. When young infants hold objects for a long period of time they eventually become habituated to them.
Night Attack on the Sanjo Palace (detail), from the Scrolls of Events of the Heiji Period. Night Attack on the Sanjo Palace (detail), from the Scrolls of Events of the Heiji Period.
Men and women work the same number of hours a week, but men spend more time on paid work, and women ... Men and women work the same number of hours a week, but men spend more time on paid work, and women ...
Carboniferous Period Carboniferous Period
Video: Exercise and cardiac output & Definition of stroke volume

For a complete list of videos, visit our video library