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Match the description of annuity-related concepts on the left with the correct term or type of annuity on the right. Note: Some answers may be

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Match the description of annuity-related concepts on the left with the correct term or type of annuity on the right. Note: Some answers may be used more than once, some may not be used at all. Pays level, periodic income payments Choose starting one payment interval after the data Fixed immedikte annuity of purchase Joint-and-survivor annuity Fixed deferred annuity Pays level, periodic income payments Administrative charge starting at some future date Variable annulty Investment management charge Longevity annulty Pays benefits based on the lives of two or Surrender charge more annuitants, continuing until the last Equity-Indexed annulty annuitant dies Joint life annulty [ Choose Written on the lives of two or more people; Income payments terminate when the first person dies Choose Pays a lifetime income but income payments vary depending on investment experience of the accounts in which premiums are Invested; primary purpose of this type of annuity is to provide an inflation hedge Choose Allows the annuity owner to participate in the growth of the stock market, but provides protection against the loss of principal with a guaranteed minimum value [ Choose Single-premium annuity that begins paying benefits only at an advanced age, to provide protection against the risk of depleting your financial assets

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