An Annuity in Which Payments Stop When You Die,whether a Month

question 139

Multiple Choice

An annuity in which payments stop when you die,whether a month or many years after the payout begins is called:

• A)straight life annuity.
• B)life annuity with installment certain.
• C)installment refund annuity.
• D)a life with period certain annuity.
• E)Keogh annuity.

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Definitions:

Business Undertaking

A venture or project that is undertaken by a business or organization, often involving considerable risk.

Joint Control Agreement

An agreement between two or more parties to share control over strategic financial and operating decisions of a venture.

Profit

The financial surplus remaining after subtracting total expenses from total revenue.

Joint Control

A situation in which two or more parties have agreed to share control over an economic activity or entity.