An Annuity, Five Years Certain, Makes Payments to the Annuitant

question 12

Multiple Choice

An annuity, five years certain, makes payments to the annuitant:

• A) for 5 years or until the annuitant's death, whichever event happens last
• B) for only the first 5 years of the liquidation period
• C) only if the insured dies within the first five years
• D) for 5 years or until the annuitant's death, whichever event happens first

---

Definitions:

Peer influences

The impact that individuals of similar age or status in a group have on each other’s behaviors or attitudes.

Emerging adulthood

A phase of human development occurring from late teens to early twenties, characterized by exploration of identity and self-concept.

Decision-making Competence

The ability to make choices that are informed, logical, and reflective of one's goals and values.

Adolescents

Individuals in the transitional stage of physical and psychological development that occurs between childhood and adulthood, typically ranging from ages 10 to 19.