A Financial Contract That Provides Guaranteed Payments Until One's Death

question 62

Multiple Choice

A financial contract that provides guaranteed payments until one's death is

• A)a life pension.
• B)a life annuity.
• C)a guaranteed RRIF.
• D)a life GIC.

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Definitions:

Hyperthyroidism

A medical condition characterized by excessive production of thyroid hormones, leading to a hyperactive metabolism.

Well-Baby Checkup

Routine medical visits for infants to monitor growth and development, screen for diseases, and administer vaccinations.

Weigh

To measure the weight of an object or individual, usually with scales, as a means of assessing mass.

Infant

A very young child, especially one from birth to about 12 months of age.