The Cost of an Annuity Varies with the

question 66

Multiple Choice

The cost of an annuity varies with the

• A) age of the annuitant at issue.
• B) age of the annuitant when payment begins.
• C) method of proceeds distribution.
• D) sex of the annuitant.
• E) all of the above.

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Definitions:

Special Relationship

A legal doctrine indicating an obligation for one party to act with a higher degree of care toward another, often found in cases of dependence or trust.

Economic Duress

A situation where a person or organization is compelled to enter into a contractual agreement due to financial pressures, and their consent is induced by these circumstances rather than being genuinely voluntary.

Duress

Coercion or pressure applied to someone to compel them to act against their will or better judgment, often used in legal contexts to challenge the validity of agreements.

Unconscionability

A legal doctrine that describes terms that are so extremely unjust or overwhelmingly one-sided in favor of the party who has the superior bargaining power.