James Is Concerned That If He Purchases a Fixed Immediate

question 11

Multiple Choice

James is concerned that if he purchases a fixed immediate annuity his funds will be tied-up and not accessible if an emergency arises.His insurance agent said that a rider could be attached to his annuity to address this concern.The rider is a(n)

• A)partial cash withdrawal rider.
• B)return of premium rider.
• C)guaranteed purchase option rider.
• D)waiver-of-premium rider.

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Definitions:

Symbolic Interactionism

A sociological perspective focusing on the ways in which individuals interact with one another through symbols like words, gestures, and actions.

Meaningful Reality

The perception or interpretation of the world in a way that holds significance or purpose for an individual or community.

Conflict Theory

Conflict theory is a sociological perspective that views social life as a competition among groups for resources, power, and status, highlighting the inherent inequalities of social systems.

Structural Functionalism

It is a notion in sociology that sees society as a complex entity, whose various parts operate in harmony to foster a sense of togetherness and constancy.