Single Premium Annuities Result in a Lump-Sum Payment of Benefits

question 57

True/False

Single premium annuities result in a lump-sum payment of benefits.

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Definitions:

Military Rules

Regulations and codes of conduct that govern the behaviors and actions of military personnel, often including disciplinary standards.

Institutionalized

Describes practices, organizations, or activities that have become established and accepted as normative within society or culture.

Legitimate

Something that is recognized and accepted as right, legal, or in accordance with established standards.

Justified

Considered or deemed to be appropriate or valid under the circumstances.