The Exclusion Ratio for a Purchased Annuity Is the Cost

question 58

True/False

The exclusion ratio for a purchased annuity is the cost of the annuity divided by the interest rate.

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Definitions:

Genetics Influence

Refers to how genetic makeup affects and dictates various aspects of organisms' physical traits and behaviors.

Five-factor Theory

A psychological theory that proposes human personality is composed of five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Gender Differences

The distinctions in characteristics and behaviors typically associated with being male or female, influenced by biological, psychological, and social factors.

Self-schema

A belief or idea about oneself that helps the individual to organize and process information relevant to self.