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 259 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?

The familiar sounds of your heart are made by the heart's valves as they open and close.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Transformation and Evolution of a Long-Period Comet Transformation and Evolution of a Long-Period Comet
Embryonic Period Embryonic Period
Fetal Period Fetal Period
Embryonic Period - Embryonic Heart Embryonic Period - Embryonic Heart
State the amplitude, period, equation of the axis, and maximum and minimum value State the amplitude, period, equation of the axis, and maximum and minimum value
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Mechanisms of capillary exchange (transcytosis & bulk flow)

For a complete list of videos, visit our video library