Which of the Following Is a Correct Statement About Annuities
Of the following which best describes an annuity. All of the following statements concerning annuities are correct EXCEPT. Bus 308 Bus308 Week 2 Problem Set Answers 2019 Ashford Problem Set Evaluation Employee Answers The true statement about annuity is I t i s s e q u e n c e o f e q u a l i n s t a l m e n t s. . Guaranteeing benefit payments for a stated period of time after reaching age 65. Anyone can set up an annuity and pay income for life Which of the following best describes the risks borne by the annuitant in a nonqualified variable annuity. They are a type of life insurance D. When an annuity is written whose life expectancy is taken into consideration. A flexible premium annuity allows the insured the option to vary premium deposits. An annuity may have periods of time of any length but should always be of equal length. Guaranteeing a minimum interest rate. The pure life annuity is ideal for th...