Description Term Answer Single premium annuity A. In this type of contract, the benefits aren't limited to the purchaser only but may extend to named beneficiaries. contract Immediate annuity B. This is the portion of principal and interest not returned before the purchaser dies Installment premium C. When the purchaser dies, the contract terminates and the estate annuity contract or beneficiaries do not receive a refund. Survivorship benefit D. The amount that is ultimately paid out to the insured varies with the investment results obtained by the insurance company. Deferred annuity E. The insurance company safeguards the principal and agrees to a minimum interest rate over the life of the contract. F. Starting with regular payments (monthly, quarterly, annually) and Pure life as low as $100, this annuity is purchased over an extended period of time. Life annuity, period G. This type of contract allows cash benefits to be stretched for certain several years. Annuity certain H. This annuity allows the purchaser to receive monthly benefits immediately. Fixed-rate annuity I. This type of annuity pays a set amount of monthly income for a specified number of years for the insured and beneficiaries. variable annuity J. This annuity usually requires a minimum investment ($2,500 to $10,000) and is often purchased just before retirement as a way of creating a future stream of income