Smarty/bamage inox GN2MnSid Concorde My Dad W Natal 25. What is the process of converting an annuity's accumulated value into a periodic income stream? (Search Chapter 4) Oa. commutation ob. annuitization Oc. dollar averaging od. laddering 26. At the age of 68, Seth elected a life and 10-year term certain option for the payout of his $100,000 annuity. All of the following statements are true EXCEPT: (Search Chapter 4) oa. The annuity will make income payments for a minimum of 10 years. ob. Seth will receive an income stream for as long as he lives c. At Seth's death, his beneficiary will receive a minimum of $100,000 od. If Seth were to die at the age of 79, no payment would be made to a beneficiary 27. Nick is receiving quarterly income payments from his variable annuity. At the time he annuitized, his contract's accumulated value was $200,000, and the AIR was set at 5 percent. His first quarterly payment was $3,600; his second quarterly payment was also $3,600. Which of the following statements is true? 15 3 4 5 6 8 9 W R LL D F T Y G H X C V B N M