A Contract Stating That the Annuitant Will Receive a Constant

question 36

Multiple Choice

A contract stating that the annuitant will receive a constant amount of income over a certain period or for life is called a:

• A) flexible annuity.
• B) fixed annuity.
• C) variable annuity.
• D) ERISA annuity.
• E) participating annuity.

---

Definitions:

Personal Constructs

A theory focusing on how individuals perceive, interpret, and predict events in the world through personal mental models.

Humanistic Theory

A psychological perspective emphasizing individual potential, self-growth, and self-actualization, often associated with psychologists such as Abraham Maslow and Carl Rogers.

Schizophrenics

Individuals diagnosed with schizophrenia, a mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Cognitive Information-Processing

A psychological approach that focuses on understanding how people process, store, and use information in their minds.