IIA
IIA-CFSA · Question #100
When the maturity date of the annuity arrives, the insurer begins making a series of payment to the annuitant over a stated period (Known as__________).
The correct answer is D. Pay-out period. See the full explanation below for the reasoning.
Question
When the maturity date of the annuity arrives, the insurer begins making a series of payment to the annuitant over a stated period (Known as__________).
Options
- AAccumulation period
- BLump-sum payment period
- CPayment release period
- DPay-out period
How the community answered
(42 responses)- A14% (6)
- B7% (3)
- C2% (1)
- D76% (32)
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