Which of the Following Statements Is False

question 86

Multiple Choice

Which of the following statements is false?

• A)Payments for a life annuity can continue until death.
• B)Transfers between annuity companies are tax-free.
• C)Annuities are legitimate tax shelters.
• D)An annuity has no investment limit.
• E)Annuities provide opportunities for retirement income to grow.

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Definitions:

Support Products

Goods and services bought to be used in the production of other products or to facilitate an organization's operations.

Supplies

Materials, goods, or equipment required for the operation of a business or for completing a specific task.

Stationery

Writing materials and office supplies, such as paper, envelopes, and writing instruments, used for personal and business correspondence.

Support Product

Ancillary products or services that complement the main product or service offering, enhancing its value or utility.