An Annuity in Which You Receive an Income for the Rest

question 57

Multiple Choice

An annuity in which you receive an income for the rest of your life, but no payments are made to anyone after your death is called:

• A)fixed-term annuity.
• B)life annuity.
• C)installment refund annuity.
• D)Registered Retirement Income Fund.
• E)money purchase pension plan

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Definitions:

Letter Reports

Business or professional reports presented in the format of a formal letter, often addressing a specific issue or situation.

Direct Order

A communication method in writing or speech where instructions or requests are stated outright and clearly, often used in commands or urgent requests.

Indirect Order

A communication approach where the main point or conclusion is presented after the background and supporting information.

Short Reports

Concise written documents that provide essential information on a specific topic, often used in business and academic contexts.