A Contract That Calls for Regular Payments to an Individual

question 143

Multiple Choice

A contract that calls for regular payments to an individual for life or for a fixed period of time is called a(n)

• A) annuity.
• B) fixed dividend plan.
• C) mutual fund.
• D) level premium agreement.

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Definitions:

Define The Problem

The initial step in problem-solving that involves clearly identifying and stating the issue at hand to facilitate effective resolution strategies.

Suggesting Options

Offering or presenting various choices or alternatives for consideration in decision-making processes.

Maintenance-Related Behavior

Refers to actions aimed at preserving or improving the current state or condition of something, often in the context of machinery, systems, or relationships.

Blocking

In communication, blocking refers to actions or strategies that interrupt or prevent dialogue or the exchange of ideas.