Which of the Following Is an Advantage of a Longevity

question 26

Multiple Choice

Which of the following is an advantage of a longevity annuity (longevity insurance) ?

• A) Death benefits are paid to a beneficiary if death occurs during the deferral period.
• B) The interest rate credited to the cash value is higher than what is earned on traditional life insurance.
• C) Monthly benefits begin at an advanced age when other assets are likely to have been depleted.
• D) The policyowner has unrestricted access to the funds during the deferral period through loans and cash withdrawals.

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Definitions:

Due Process

A legal principle that ensures fair treatment through the normal judicial system, especially as a citizen's entitlement.

Disciplinary Actions

Measures taken by employers against employees for violating rules or policies, aimed at correcting behavior or enforcing standards.

Management

The process of dealing with or controlling things or people, often within an organizational setting, including planning, decision-making, and overseeing operations.

Productivity

A measure of the efficiency of production, often expressed as the ratio of outputs to inputs in the production process.