13. Which of the following is true concerning the annuity contract? a. at the beginning of the accumulation phase, the annuitant irrevocably selects the distribution method for the liquidation phase b. the accumulation phase must be a long period of time C. the annuitant generally can elect to begin to distribute the accumulated funds at any age d. annuitants always receive back all money paid into the annuity contract 14. Which of the following does not influence how an insurer calculates monthly annuity benefits? a. age d. number of years worked b. sex e. interest rates c. amount of premium the annuitant has paid 15. A life annuity which pays nothing to the beneficiary upon the annuitant's death is the a. period certain annuity d. joint-and-last survivor annuity b. straight life on pure annuity c. premium refund annuity 16. A life annuity with five years certain, pays: a. annuity for 5 years or until annuitants death, whichever event happens last b. annuity payments for only the first 5 years of retirement c. annuity payment only if the insured dies within the first five years d. annuity payment for 5 years or until the annuitant's death, which ever event happens first