The Refund Feature on an Annuity Guarantees That

question 42

Multiple Choice

The refund feature on an annuity guarantees that

• A)you will be satisfied with the investment build-up,because you may withdraw your funds at will.
• B)you can withdraw all your contributions at age 59-1/2.
• C)payments will continue until they have at least refunded the cost of the annuity.
• D)the insurance company can refund your payments and terminate your annuity at its discretion.

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