Which of the Following Is False Regarding the Annuity Contract

question 38

Multiple Choice

Which of the following is false regarding the annuity contract?

• A)at the beginning of the accumulation phase, the annuitant irrevocably selects the distribution method for the liquidation phase
• B)there is considerable flexibility in choosing the length of the accumulation phase
• C)the liquidation period is a function of several factors including when the annuitant dies
• D)generally, a longer accumulation period results in higher liquidation payments (all other things being equal)

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