What Type of Annuity Is Generally Purchased by People of Retirement

question 163

Multiple Choice

What type of annuity is generally purchased by people of retirement age?

• A)Deferred annuity
• B)Immediate annuity
• C)Single-premium deferred annuity
• D)Flexible-premium deferred annuity
• E)Keogh annuity

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Definitions:

Restrictions

Limitations or constraints placed on activities, behaviors, or practices, usually through regulations or rules to ensure safety, compliance, or fairness.

Active Listening

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Assistance provided through understanding, empathy, and concern for one's well-being.

Active Listening

Active Listening is fully concentrating on what is being said rather than just passively hearing the message, showing full involvement and understanding.