Question

Match the annuity terms on the right with the descriptions of the terms on the left. This annuity states that benefit payments can be stretched for a number of years.Installment premium annuity contract In this type of contract, the benefits aren’t limited to the purchaser only but may extend to named beneficiaries.Survivorship benefit This annuity’s monthly income varies as a function of the insurer’s actual investment experience.Variable annuity Often purchased by individuals, this annuity allows periodic payments made over time. This annuity usually requires a minimum investment ($2,500 to $10,000) and is often purchased just before retirement as a way of creating a future stream of income.

          Match the annuity terms on the right with the descriptions of the terms on the left.      This annuity states that benefit payments can be stretched for a number of years.Installment premium annuity contract   In this type of contract, the benefits aren’t limited to the purchaser only but may extend to named beneficiaries.Survivorship benefit   This annuity’s monthly income varies as a function of the insurer’s actual investment experience.Variable annuity   Often purchased by individuals, this annuity allows periodic payments made over time.    This annuity usually requires a minimum investment ($2,500 to $10,000) and is often purchased just before retirement as a way of creating a future stream of income.

Added by Anthony S.

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