Which of the following statements conceming the Social Security system is (are) corect? I. To qualify for retirement benefits, a worker must be "fully insured," which means that a worker has earmed a certain number of quarters of coverage under the Social Security system. I. Eaming a designated amount of money, regardless of when it was earned during the year, will credit the worker with a quarter of coverage for that year 1 only. O 2 only. Both 1 and 2. Neither 1 nor 2 QUESTION 80 All of the folowing statements concerning annuities are correct EXCEPT The pure life annuity is ideal for the person who needs maximum income spread out over a lifetime and has several living dependents to whom he or she wishes to leave assets A life annuity with guaranteed minimum payments ensures that the annuitant either receives a minimum number of payments, or will have lifetime income; whichever is greater. In an installment refund annuity, the insurer promises to continue periodic payments after the annuitant has died until the sum of all annuty rent payments equals the purchase price of the annuity A joint and survivor annuity is an annuity based on the lives of two or more annuitants, usually husband and wife. OOC