Which of the Following Annuities Is Purchased with a Lump-Sum

question 22

Multiple Choice

Which of the following annuities is purchased with a lump-sum payment and allows an individual to receive income payments beginning now?

• A) Term insurance
• B) Deferred annuity
• C) Whole life insurance
• D) Immediate annuity
• E) Universal life insurance

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Definitions:

Granules

Small particles or grains, often referring to structures within cells that store specific substances.

Cascading Reactions

A series of sequential chemical or biochemical reactions where the product of one reaction becomes the reactant of the next, often leading to complex outcomes.

Positive Feedback

A process in which the end products of an action cause more of that action to occur in a feedback loop.

Innate Immunity

The primary protection in the immune system, which includes physical, chemical, and cellular responses to pathogens and is innate from the moment of birth.