Which are disadvantages of a single life annuity? I. Annuitant has irrevocably given up the principal payment.

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Which are disadvantages of a single life annuity?

I. Annuitant has irrevocably given up the principal payment.

II. Annuitant may die before the return of the principal payment.

III. Annuitant receives guaranteed income.

IV. Annuitant receives payments for life.

A. II, IV.

B. I, II.

C. III, VI.

D. I, III.

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Essentials Of Personal Financial Planning

ISBN: 9781945498237

1st Edition

Authors: Susan M. Tillery, Thomas N. Tillery

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Question Posted: Apr 08, 2024 02:00 AM

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Which are disadvantages of a single life annuity? I. Annuitant has irrevocably given up the principal payment.

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Essentials Of Personal Financial Planning

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