Question

What is a characteristic of Increasing Annuity?

a.

Annuity payments remain constant over time

b.

Annuity payments decrease over time

c.

Annuity payments increase over time

d.

Annuity payments are made as a lump sum

Answer: (c).Annuity payments increase over time Explanation:Increasing Annuity is a contract where annuity payments increase by a specified amount until the survival of the policyholder.

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Q. What is a characteristic of Increasing Annuity?

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