Examlex
Which of the following standards is NOT part of the Lemon test?
Single Life Annuity Contract
An insurance product that provides a stream of payments for the life of a single individual, ceasing upon their death.
Expected Return
The anticipated average return on an investment over a specific period based on historical data and market analysis.
Exclusion Ratio
In annuities, the proportion of payments considered as a return of the original investment and therefore not subject to income tax.
Life Annuity
A financial product that provides a guaranteed income for the remainder of the annuitant's life in exchange for an initial payment.
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