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:

Punishment

A process by which a consequence immediately follows a behavior, aiming to decrease the likelihood of that behavior occurring again.

Observational Learning

A learning process where individuals acquire new behaviors, skills, or attitudes by watching others, especially models or mentors.

Positive Reinforcement

A process in behavior analysis that involves the addition of a stimulus following a behavior that increases the likelihood of that behavior being repeated.

Behaviour Modification

The use of empirically demonstrated behavior change techniques to improve behaviors and replace undesirable behaviors with more desirable ones.