Which of the Following Is a Characteristic of a Longevity

question 39

Multiple Choice

Which of the following is a characteristic of a longevity annuity?

• A)payment of the face value of the policy at age 100
• B)forfeiture of the purchase price if the annuitant dies during the deferral period
• C)cash value can be borrowed or recouped through a nonforfeiture option
• D)high-cost annuity compared to other life annuities

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