In a Reverse Annuity Mortgage,a Lender Uses Your House as Collateral

question 54

True/False

In a reverse annuity mortgage,a lender uses your house as collateral to buy an annuity for you from a life insurance company.

---

Definitions:

Natural Selection

The process by which organisms better adapted to their environment tend to survive and produce more offspring, driving evolution.

Organisational Subcultures

Distinctive cultural groups within a larger organization, characterized by shared values, norms, and practices that differ from the broader organizational culture.

Educational Subcultures

Groups within educational institutions that have distinct values, behaviors, and beliefs different from the mainstream culture.