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12. In January of 2012 . Fredrick puechased an individual life annuity. He made a deposit of $300,000 and was offered a contract that would
12. In January of 2012 . Fredrick puechased an individual life annuity. He made a deposit of $300,000 and was offered a contract that would pay $2000 per month for life, starting immediately. Fredrick chose a 5 year guarantee and named his son Alfred as his heneficiary, Just after Christmas in 2018 . Fredick. died from a massive heart attack How much would Alfred receive from the insurer? A lump-sum payment of $156,000. A lump-sum payment of $120,000. Monthly payments of $2,000 until the end of 2023 Nothing
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