Which of the Following Statements Is Incorrect

question 90

Multiple Choice

Which of the following statements is incorrect?

• A) A deferred annuity allows an individual to receive payments from an annuity at some future date.
• B) An immediate annuity allows an individual to receive payments from an annuity beginning at once.
• C) A life insurance policy allows the beneficiary to receive proceeds at some future date.
• D) An annuity is more advisable for people in poor health than for those who are likely to live longer than average.
• E) An insurance company will calculate the annual amounts to pay each person for an annuity.

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Definitions:

Centration

In developmental psychology, the tendency of children in the preoperational stage to focus on one aspect of a situation while neglecting others.

Problem

A situation, question, or item that presents difficulty or requires a solution.

Important Aspects

Critical or significant parts, features, or elements of a particular subject or area of study.

Sensorimotor Stage

The first of Jean Piaget's stages of cognitive development, where infants from 0 to 2 years understand the world through their actions and sensory experiences.