All of the Following Statements About Various Types of Pension

question 30

Multiple Choice

All of the following statements about various types of pension plans are true EXCEPT

• A)Under a trust-fund plan,an individual annuity is purchased for each participant,and additional annuity credits are purchased annually.
• B)A separate investment account is a group pension account with a life insurance company.
• C)Under an investment guarantee contract,the insurer receives funds over a number of years and if actual interest rates are higher than the guaranteed projected rate for the later years,the higher rate is paid.
• D)Under a guaranteed investment contract,the insurer guarantees the principal of a lump sum deposit as well as an interest rate for a number of years on the deposit.

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Definitions:

Orchestra Conductor

An individual responsible for directing the performance of an orchestra or ensemble, interpreting the music, and leading rehearsals.

Frontal Lobes

The regions of the brain located at the front of each cerebral hemisphere, involved in movement, decision making, problem solving, and emotions.

Temporal Lobes

The temporal lobes are regions of the brain located beneath the temples, responsible for processing auditory information and involved in memory and emotion.

Spatial Navigation

The ability to orient oneself and navigate from one point to another in the environment, often relying on landmarks and cognitive maps.