Which of the Following Allows an Individual to Receive a Fixed

question 56

Multiple Choice

Which of the following allows an individual to receive a fixed amount of income over a certain period of time, or over his or her life?

• A) Fixed annuity
• B) Term insurance
• C) Whole insurance
• D) Variable annuity
• E) 401(k)

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Definitions:

Stable

Describing a situation or condition that is not significantly changing, consistently firm or steady.

Adulthood

The period in an individual's life after adolescence, characterized by full physical development, and typically involving increased responsibilities and independence.

Self-Regulate

The ability of an individual to manage and adjust their emotions, behaviors, and thoughts towards achieving long-term goals.

Emotions

Complex psychological states involving physiological arousal, expressive behaviors, and conscious experience.