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

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Definitions:

Perceived Stress Scale (PSS)

A psychological instrument used to measure the perception of stress; it assesses the degree to which situations in one’s life are appraised as stressful.

Coping Responses

The strategies and behaviors that individuals use to manage the internal and external demands of situations that are appraised as stressful.

Daily Hassles

Minor everyday problems or annoyances that individuals face, which can accumulate and impact mental health and well-being.

Posttraumatic Stress Disorder

A mental health condition triggered by experiencing or witnessing a traumatic event, characterized by flashbacks, nightmares, and severe anxiety.