I need help answering questions 1-6 please!

1. Generally speaking, how long is the accumulation period for immediate annuities? oa, one month to one year b. one to two years c. two to three years d. no more than three years 2. At what point does the beneficiary to an annuity acquire rights in the contract? a. upon contract issue b. upon annuitization c. upon the death of the contract owner or annuitant d. upon contract issue and throughout the life of the contract, until the death of the contract owner or annuitant 3. For what reason would an individual choose a variable annuity over a fixed annuity? a. for tax deferral b. for a death benefit oc. for the potential to earn greater growth d. for the option to annuitize 4. For which of the following needs are traditional deferred annuities best suited? a. liquidity needs b. long-term health-care needs C. retirement planning d. short-term accumulation 5. For whom is joint ownership of an annuity often reserved? a. spouses b. an individual and any family member c. two or more business partners d. trusts 6. At the age of 42, Steve purchased a fixed deferred annuity from Mega Mutual Life with a single premium deposit of $10,000. The declared interest rate on Steve's contract when it was issued was 5 percent, and the contract guarantees a minimum rate of 3 percent. The initial declared rate is payable for two years; the renewal rate for year three and later is subject to change. How much interest will be credited to Steve's contract at the end of year one? a. $300 b. $500 c. $800 d. $1,000