A Contract That Calls for Regular Payments to an Individual

question 143

Multiple Choice

A contract that calls for regular payments to an individual for life or for a fixed period of time is called a(n)

• A) annuity.
• B) fixed dividend plan.
• C) mutual fund.
• D) level premium agreement.

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Definitions:

Catalog Marketing

A type of marketing strategy where companies use printed or digital catalogs to showcase their products or services to potential customers.

Short-Term Financial Gains

Refers to the profits or income generated from investments or business activities within a period of less than one year.

Online Retailer

A business that sells goods or services over the internet, offering products directly to consumers through digital platforms.

Price Continuum

The range of prices across different products or services in a market, from the lowest to the highest, reflecting the variety of value propositions and customer segments.