Which of the Following Statements Is Incorrect

question 78

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 income 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 annuity is a financial contract written by an insurance company that provides you with regular income.

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Definitions:

Litigation

The process of taking legal action in a court of law to resolve disputes between parties.

Expensive

Involving a high cost or requiring considerable expenditure.

Equilibrium

A situation in which market demand equals supply, resulting in consistent pricing.

Dominant Strategies

In game theory, a strategy that is best for a player in a game regardless of the strategies chosen by other players.