Some Insurers Offer a Single-Premium Deferred Annuity That Does Not

question 32

Multiple Choice

Some insurers offer a single-premium deferred annuity that does not begin paying benefits until an advanced age, such as 85. This product is called

• A) endowment insurance.
• B) equity-indexed annuity.
• C) life income with guaranteed payments annuity.
• D) longevity insurance.

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Definitions:

Durkheim

A French sociologist known for his foundational contributions to social science, particularly in the study of social cohesion and the functions of societal institutions.

Communication

The process of exchanging information, ideas, feelings, signals, or messages through various means, including verbal, non-verbal, and digital channels.

Radical

Relating to or affecting fundamental nature; often used to describe profound or extreme political or social changes.

Sociology

The scientific study of society, social relationships, and social institutions, examining the ways in which human actions and consciousness shape, and are shaped by, surrounding cultural and social structures.