Which of the Following Statements Is (Are)true with Respect to Annuities

question 47

Multiple Choice

Which of the following statements is (are) true with respect to annuities?
I.Annuities are the opposite of life insurance.
II.The fundamental purpose of annuities is to replace lost income in case of premature death.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Ethical Theory

A systematic exposition of principles, concepts, and theories that guide moral behavior and distinguish right from wrong.

Universal Laws

Fundamental principles or laws that are believed to be universally applicable, regardless of systems or beliefs.

Direct Pronouncements

Clear and explicit statements or announcements made by an authoritative source, often used in the context of official declarations or policy communications.

God

A supreme being considered in various religions as the creator and ruler of the universe, often worshipped and invoked.