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Author Question: Which of the following statements is nottrue of annuities? (Read 119 times)

sammy

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Question 1

Use the following two columns of items to answer the matching questions below:


◦ a financial contract that provides annual payments over a specified period
◦ a fee imposed on money withdrawn from an annuity

Question 2

Which of the following statements is 
not true of annuities?


◦ They can provide annual payments for life.
◦ They provide no tax advantages.
◦ They generally have high fees.
◦ You can withdraw your investment as a lump sum.


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Marked as best answer by sammy on Apr 14, 2019

gcook

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sammy

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Thank you!



gcook

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Always glad to help...



 

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