Which One of the Following Statements Concerning Annuities Offered by Insurers

question 3

Multiple Choice

Which one of the following statements concerning annuities offered by insurers is not true?

• A)Interest on annuities is not taxed until the investor receives the payments.
• B)Annuity payments may be fixed or variable.
• C)Annuity contributions are not capped by the IRS.
• D)Annuities can be deferred or immediate.
• E)Annuity payments must cease upon the policyholder's death.

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