Q1: Immediate life annuities and longevity insurance protect people A. by replacing their income if they die. B. when they have estate income taxes that will need to be paid. C. by providing liquidity. D. from outliving their savings.

Q2:Which type of annuity has payments that are locked in and delayed in such a way that you pay the premium right now but benefits might not start for 10 years and if you die in the period prior to benefit payments starting the money is forfeited to the insurance company? A. Longevity insurance B. Immediate annuity C. Deferred income annuity D. Immediate deferred variable universal annuity