Which of the Following Statements Regarding a Refund Annuity Is

question 5

Multiple Choice

Which of the following statements regarding a refund annuity is true?

• A) The monthly income provided by the policy varies as a function of the insurer's actual investment experience.
• B) The insurance company agrees to pay a guaranteed rate of interest on the insured's money.
• C) A specified monthly income is provided for a stated number of years without consideration of any life contingency.
• D) If the annuitant dies, the designated beneficiary receives monthly payments until the total purchase price of the annuity is paid back.
• E) The insurance company guarantees the annuitant a stated amount of monthly income for life.

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