Examlex
Which of the following is not correct?
Deferred Annuity
An insurance product that provides future payments to the holder, typically starting at retirement, after an initial investment period.
Ordinary Annuity
A succession of equivalent remittances occurring at regular intervals for a certain stretch of time.
Deferred Annuity
An insurance product that provides future payments to the holder, usually after retirement, where payments are delayed for a certain period.
Ordinary Annuity
A financial product resulting in a stream of payments to the holder at regular intervals over a specified period of time, typically at the end of each period.
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