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:

Foreign Countries

Nations that are outside the jurisdiction or territory of one's own country, often having different legal, cultural, and political systems.

Advertising Law

Regulations and legal standards that govern the ways in which products and services can be promoted to the public.

Deceptive Practices

Activities by individuals or businesses that mislead or lie to consumers, often regarding the nature or quality of a product or service.

Unfair Practices

Activities considered unethical or illegal, often related to business dealings, that can lead to consumer harm or market manipulation.