Question

What is the typical characteristic of a participative deferred annuity?

a.

It provides a fixed level of regular income with no bonus additions

b.

It allows surrender benefits after the deferred period

c.

It offers bonus additions to the regular income during the deferred period

d.

It does not provide any surrender benefits

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).It offers bonus additions to the regular income during the deferred period Explanation:A participative deferred annuity offers bonus additions to the guaranteed level of regular income during the deferred period.

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Q. What is the typical characteristic of a participative deferred annuity?
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