Question
a.
A lump sum payment made by the policyholder to the insurer
b.
A single payment made by the insurer to the policyholder
c.
A series of regular payments made by the insurer to the policyholder as long as they are alive
d.
A payment made by the policyholder to receive investment returns
Posted under IC 92 Actuarial Aspects of Product Development
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Q. What is a life annuity?
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