An Employer Purchases an Annuity, Each Year for Each Employee

question 56

Multiple Choice

An employer purchases an annuity, each year for each employee, which would pay retirees a fixed sum per month beginning at age sixty-five.This is an example of:

• A)group deferred annuity.
• B)deposits administration arrangement.
• C)separate account plan.
• D)guaranteed investment contract.
• E)immediate participation guarantee.

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Definitions:

Scored Tablets

Tablets marked with a line, making it easier to split them evenly, often used for adjusting dosages.

Liquid Dosage

A form of medication delivery that involves consuming the medicine in liquid form for ease of swallowing and absorption.

Cutting Device

An instrument or tool designed for cutting materials or objects, differing in form based on its specific use.

Buccal Medication

Medication administered between the gums and the cheek, allowing for absorption through the oral mucosa directly into the bloodstream.