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When a younger person annuitizes his contract, the recommended distribution option should include a refund option for which of the following reasons?
A) The refund option helps prevent the younger annuity from making a poor choice, such as life with 10 years certain.
B) A longer life expectancy results and higher payments. The refund option will lower the payments to make them last a little longer.
C) Younger persons don’t understand annuities well, and this helps to increase their understanding.
D) A longer life expectancy results in lower payments. The refund option protects against leaving funds with the insurer in the event of premature death.
Sagot :
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