Which of the Following Statements Is (Are)true with Respect to Annuities

question 47

Multiple Choice

Which of the following statements is (are) true with respect to annuities?
I.Annuities are the opposite of life insurance.
II.The fundamental purpose of annuities is to replace lost income in case of premature death.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II