The Variable Annuity

question 24

Multiple Choice

The variable annuity:

• A) pays a fixed dollar amount for a variable length of time
• B) pays an annuity to a variable number of people
• C) overcomes the problem of inflation and the loss of purchasing power
• D) accepts variable amounts of deposits on a periodic basis during the accumulation period

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Definitions:

Reinforcement Theory

A motivational theory suggesting that behavior is driven by its consequences, with rewards increasing the likelihood of repeating behaviors.

Intrinsic Motivation

The internal drive to perform an activity for its own sake and for the satisfaction it provides, rather than for some external reward.

External Agent

An individual or entity from outside an organization that acts on its behalf in a specific capacity.

Maslow's Theory

refers to Maslow's Hierarchy of Needs, a psychological theory proposing that humans are motivated by five levels of needs: physiological, safety, love/belonging, esteem, and self-actualization.