Which Type of Annuity Will Continue for at Least a Minimum

question 22

Multiple Choice

Which type of annuity will continue for at least a minimum guaranteed period even if the annuitant dies?

• A) Fixed
• B) Lifetime annuity
• C) Joint and survivor
• D) Joint and survivor period certain
• E) Installment life

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Definitions:

Quantity Supplied

The supply of a good or service that businesses intend to sell, given a certain price point.

Quantity Supplied

The measure of goods or services that vendors are eager and able to part with at a set price.

Supply Curve

A visual diagram that illustrates how the price of a product correlates with the amount of the product that sellers are prepared to offer.