What Is an Annuity

question 10

Multiple Choice

What is an annuity?

• A)A fixed sum to be paid at regular intervals to an insurance policyholder for either a certain or indefinite period
• B)The cash reserve that increases each year an insurance policy remains in force as a minimum savings feature
• C)An annual sum that the insured pays to an insurance company as consideration for the insurance contract
• D)An alternative that a party to an insurance contract agrees to follow to discharge the agreement

---

Definitions:

Caption Button

A control feature in user interface design, usually found in the corner of a window, that provides options to minimize, maximize, or close the window.

Design Tab

A feature in software applications that provides tools and options for modifying the layout and aesthetics of a document or presentation.

Query

A request for information or data from a database, often written in a specific language like SQL.

Largest Amount

The maximum or highest quantity or degree measured or recorded.