Examlex
Which of the following statements is (are) true about a longevity annuity (longevity insurance) ?
I.If the annuitant dies during the deferral period, the purchase price of the annuity is forfeited.
II.Longevity insurance is an example of an immediate annuity.
Economize
To reduce expenses or to use resources carefully and efficiently to reduce waste and save money.
Full Production
The level of production where a company uses all its resources efficiently.
Unemployment Rate
The part of the labor force that is without employment but is actively interested in finding a job.
Full Employment
An economic situation in which all available labor resources are being used in the most economically efficient way.
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