Question

What is an Immediate Annuity?

a.

An annuity where payments increase over time

b.

An annuity where payments are made until the survival of the policyholder in return for a single advance payment

c.

An annuity where payments are made until the death of the policyholder, usually in the form of a lump sum

d.

An annuity where payments are made until the survival of the policyholder without any deferred period

Answer: (d).An annuity where payments are made until the survival of the policyholder without any deferred period Explanation:An Immediate Annuity is a contract where level payments are made until the survival of the policyholder without any deferred period.

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Q. What is an Immediate Annuity?

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