In 1992, When Sherry Was 56 Years Old with an Additional

question 28

Multiple Choice

In 1992, when Sherry was 56 years old with an additional life expectancy of 20 years, she purchased a single life annuity for $200,000 that was to pay her $15,000 per year for life starting in 1995. Sherry just received her $15,000 payment for 2018. How much of the $15,000 must Sherry include in income?

• A) 0
• B) $5,000
• C) $10,000
• D) $15,000

---

Definitions:

Family Health History

A record of the diseases and health conditions present in your family, which can indicate potential health risks for you.

Significant Risk Factor

A characteristic or condition that greatly increases the likelihood of developing a disease or injury.

Conditions

Circumstances affecting the way in which people live or work, especially with regard to their safety or well-being.

Disease Risk Factor

A characteristic, condition, or behavior that increases the likelihood of developing a disease or health condition.