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Cassie, age 62, paid a life insurer $100,000 in exchange for a life annuity. If Cassie dies before ...

AzJose

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6 years ago

Cassie, age 62, paid a life insurer $100,000 in exchange for a life annuity. If Cassie dies before ...

Cassie, age 62, paid a life insurer $100,000 in exchange for a life annuity. If Cassie dies before receiving 120 monthly payments from the insurer, the remaining payments will be made to a beneficiary. If Cassie dies after receiving 120 payments, no additional payments are made by the insurer. Cassie has purchased a(n)
A) life annuity, no refund.
B) life annuity with guaranteed payments.
C) installment refund annuity.
D) cash refund annuity.

Textbook

Principles of Risk Management and Insurance

Edition: 12^th

Authors: Rejda, McNamara

Read 115 times

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AzJose Author

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6 years ago

Good timing, thanks!

rene_ram97

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Yesterday

Thanks

ouasfoudgewu

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2 hours ago

Thank you, thank you, thank you!

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