Question

Term Answer Description A. This is the fund available to the purchaser's beneficiaries. Single premium annuity contract Immediate annuity 0 This annuity's monthly income varies as a function of the insurer's actual investment experience. 0 C. Installment premium annuity contract The insurance company safeguards the principal and agrees to a minimum interest rate over the life of the contract. Survivorship benefit 0 Often purchased by individuals, this annuity allows periodic payments made over time. This type of contract allows cash benefits to be stretched for several years. Deferred annuity 0 E. Pure life 0 The purchaser receives a specified amount of income for life, without regard to the distribution period and with the contract terminating upon death. This annuity, if purchased right before retirement, has the stream of monthly benefits beginning a month or so after purchase. 0 G. Life annuity, period certain Annuity certain 0 H. In this type of contract, the benefits aren't limited to the purchaser only but may extend to named beneficiaries. Fixed-rate annuity I. This annuity usually requires a minimum investment ($2,500 to

Answer 1

Single Premium Annuity - D - Often purchased by individual, This annuity allows periodic payment made over time.

Immediate Annuity - G - This annuity , if purchased right before retirement, has the stream of monthly benefits beginning a month or so after.

Installment premium annuity - F - The purchaser receives a specified amount of income for life, without regard to distribution period and with the contract terminating upon death.

Survivorship annuity - A - This is the fund available to the purchaser's beneficiaries.

Deferrd annuity - I - This requires minimum investment ...................................for creating a future stream income.

Pure life annuity - E - This type of contract allows cash benefits to be stretched for several years.

life annuity period certain - H - In this type of contract, the benefits aren't limited to purchaser only but may extend to named beneficiaries.

Annuity certain - J - Without regard for life contingency, this annuity specifies monthly income for a stated number of years.

fixed rate annuity - C - The insurance Co. safeguards the principal and agrees to a minimum interest rate over the life of the contract.

variable annuity - B - This annuity's monthly income varies as a function of insurer's actual investment experience.