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Which of the Following Statements Is (Are)true About a Longevity

question 28

Multiple Choice

Which of the following statements is (are) true about a longevity annuity?
I.Longevity annuities are low-cost because there are usually no cash values or death benefits in the policy.
II.Longevity insurance is an example of an immediate annuity.


Definitions:

Conscious

The state of being awake and aware of one's surroundings and thoughts.

Explicit

Fully and clearly expressed or demonstrated, leaving nothing implied.

Repetition Priming

A cognitive phenomenon where the repeated presentation of a stimulus improves an individual's ability to respond to that stimulus.

Implicit Memory

A form of memory that occurs without conscious retrieval, affecting thoughts and behaviors based on previous experiences unconsciously.

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