You Will Receive the Largest Monthly Payment Under an Annuity

question 11

Multiple Choice

You will receive the largest monthly payment under an annuity contract when the annuity disbursement option is the:

• A) life annuity with no refund.
• B) life annuity, period certain.
• C) refund annuity.
• D) annuity certain.
• E) temporary life annuity.

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Definitions:

Genotype

A person’s genetic heritage; the actual genetic material present in each cell.

Recessive Trait

A genetic characteristic that is expressed in an organism only when two copies of the gene responsible for the trait are present.

Mitosis

Cellular reproduction in which the cell’s nucleus duplicates itself with two new cells being formed, each containing the same DNA as the parent cell, arranged in the same 23 pairs of chromosomes.

Meiosis

A specialized form of cell division that forms eggs and sperm (also known as gametes).