Get personalized answers to your specific questions with IDNLearn.com. Our experts are available to provide in-depth and trustworthy answers to any questions you may have.
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 :
Thank you for using this platform to share and learn. Don't hesitate to keep asking and answering. We value every contribution you make. IDNLearn.com has the solutions to your questions. Thanks for stopping by, and come back for more insightful information.
