SOFE
AFE · Question #1
An annuity contract provides:
The correct answer is B. Either immediately or at some future date, periodic income payments to one or more persons, perhaps with a certain guaranteed number of payments or with a minimum guaranteed amount for those annuities involving life contingencies. See the full explanation below for the reasoning.
Question
An annuity contract provides:
Options
- AEither immediately or at some future date, periodic income payments to one or more persons, perhaps with a certain guaranteed number of payments or with a minimum guaranteed amount for those annuities not having life contingencies
- BEither immediately or at some future date, periodic income payments to one or more persons, perhaps with a certain guaranteed number of payments or with a minimum guaranteed amount for those annuities involving life contingencies.
- CEither immediately or at some future date, perpetual income payments to one or more persons, perhaps with a certain guaranteed number of payments or with a maximum guaranteed amount for those annuities involving life contingencies.
- DEither immediately or at some future date, periodic income payments to one or more persons, perhaps with a certain small number of payments
How the community answered
(25 responses)- A12% (3)
- B76% (19)
- C8% (2)
- D4% (1)
Community Discussion
No community discussion yet for this question.