If an Annuity Plan Is Designed So That the Monthly

question 72

Multiple Choice

If an annuity plan is designed so that the monthly payment is adjusted by the actual investment experience of the insurer,it is

• A)a fixed dollar annuity.
• B)an equity annuity.
• C)a variable annuity.
• D)an uncertain annuity.
• E)a temporary annuity.

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Definitions:

Dissent

The act of expressing a difference of opinion or disagreement with a prevailing view or decision.

Executive Committee

a smaller group within a larger organization's board of directors that makes important decisions and policies.

Purpose Clause

A section within a legal document or law that outlines the intent or goal of the document or statute.

Model Business Corporation Act

A model set of laws prepared by the American Bar Association that serve as a guide for state legislations to regulate corporate formation, operation, and dissolution.