Which of the Following Annuities Does Not Provide a Survivor

question 5

Multiple Choice

Which of the following annuities does not provide a survivor benefit?

• A)Installment Refund Annuity.
• B)Joint and Survivor Annuity.
• C)Life Only Annuity.
• D)Period Certain Annuity.

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Definitions:

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices.

Supply

The total amount of a good or service available for purchase by consumers at a given price level and time.

Equilibrium Quantity

The quantity of a good or service at which the quantity demanded equals the quantity supplied at the market price.

Demand

The consumer's desire and willingness to pay for a product or service at a specific price.