An Annuity, Five Years Certain, Makes Payments to the Annuitant

question 12

Multiple Choice

An annuity, five years certain, makes payments to the annuitant:

• A) for 5 years or until the annuitant's death, whichever event happens last
• B) for only the first 5 years of the liquidation period
• C) only if the insured dies within the first five years
• D) for 5 years or until the annuitant's death, whichever event happens first

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Definitions:

Schizophrenia

A chronic mental disorder characterized by distorted thoughts, perceptions, emotions, language, sense of self, and behavior.

Mental Hospitals

Healthcare facilities specialized in the treatment and care of patients with mental health conditions, historically known as psychiatric hospitals or asylums.

Twentieth Century

The period extending from January 1, 1901, to December 31, 2000, notable for significant advancements in technology, science, and socio-political changes globally.

Moral Treatment

A nineteenth-century approach to treating people with mental dysfunction that emphasized moral guidance and humane and respectful treatment.