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24. Which of the following statements is not true with respect to individual annuities? I. An annuity is typically purchased for retirement because you cannot

24. Which of the following statements is not true with respect to individual annuities?

I. An annuity is typically purchased for retirement because you cannot outlive it.

II. The premium can be funded with part or all of a retirees 401K accumulation

A. neither I or II

B. II Only

C. I only

D. both I and II

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