You pay a premium of $75,000 for a fixed-indexed annuity with an index period of 5 years and a guaranteed minimum accumulation value of 107 percent of the initial premium. If you keep the annuity in force for the full 5-year term, you are guaranteed to have in your account at that time (rounded to the nearest dollar): a) $79,750 Ob) $75,000 c) $80,250 d) $101,250 e) $105,191 Stan paid an insurance company $50,000 for a fixed annuity when he was 50 years old. At age 62, Stan plans to begin to receive payments from the insurer. If Stan dies before age 62, the money paid into the annuity is forfeited. After age 62, Stan will receive payments for as long as he lives, but the payments end when Stan dies. Based on the description provided, this annuity can be described as a(n): a) installment annuity b) cash annuity c) pure annuity d) immediate annuity Which of the following statements is (are) true with respect to a joint-and-survivor annuity? 1. No payments are made after the first annuitant dies. II. It provides a greater monthly income than a single life annuity (other things being equal). a) I only Ob) II only Oc) both I and II d) neither I nor 11