Question

What is a life annuity?

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

Answer: (c).A series of regular payments made by the insurer to the policyholder as long as they are alive Explanation:A life annuity is a series of regular payments made by the insurer to the policyholder as long as they are alive.

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Q. What is a life annuity?

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