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:

Molluscan

Pertaining to mollusks, a diverse group of invertebrates which includes species like snails, clams, and octopuses, characterized by a soft body and, in many cases, a calcium carbonate shell.

Conspicuous Segmentation

The clear division of a body or structure into distinct parts, commonly observed in organisms like worms and arthropods.

Gills

The respiratory organ found in many aquatic organisms that extracts oxygen from water and expels carbon dioxide.