Immediate annuities provide a guaranteed income stream with less flexibility and control over the initial investment. i need help on questions 14 and 15 please! two samples of glass both originally room temp were heated by adding exactly 25 kJ of heat to each sample. All of the following are common modal annuitization payout options EXCEPT: a. lump-sum b. monthly C. quarterly d. annually 15. For more details, see our Form CRS, Form ADV Part 2 and other disclosures. In May of 2012, her aunt passed away and she received an inheritance. There is no survivor benefit, which means that if the annuitant dies before the entire premium is returned, the insurance company keeps the remainder. A single-life annuity, also known as a straight-life or life-only annuity, offers payments for the lifetime of the annuitant only. A year certain annuity is an annuity that will pay for the life of the annuitant, but if the annuitant dies before the period certain expires, the beneficiary will receive payments for the balance of that certain period. Grandview also purchased additional supplies for $15,795. Deferred annuities. The annuitant makes a lump sum payment to the insurer, and in exchange, the insurer agrees to pay the annuitant a fixed amount of money at regular intervals for a specified period or for life. Joint and Survivor Annuity The correct answer is: Once the payout option is selected, it cannot be changed after payments begin. A life annuity,no refund pays benefits for the life of the annuitant with no obligation following the death of the annuitant. It is typically done through the purchase of an annuity from an insurance company. What is the process of This option is ideal for individuals who are looking for a guaranteed source of income for the rest of their lives. The Oglobo Company is starting a marketing campaign to provide prospective applicants with the information needed to make a decision on whether or not to purchase an annuity. D A copy of the insurer's business formation documents Ten years later, the contract had grown, to $ 235,000, and Troy decided to annuitize under a joint and survivor life payout. Test for a linear correlation and identify the equation of the regression line. When an individual purchases an annuity, they have several payout options to choose from. For example, individuals with other retirement income sources may not need to annuitize their annuity. What is the process of converting an annuity's What is the process of converting an annuity's accumulated value into a periodic income stream? D What term refers to the payments received or payments or deposits made. For example, individuals with other retirement income sources may not need to annuitize their annuity. She has funded her plan with after-tax contributions, and she wants to know what her tax liability will be going forward. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. C Vary The individual on whose life the annuity has been issued is the annuitant. What are her options? Why? D Which of the following refers to the difference between what a This allows for more flexibility in how the money is used and invested, and there are no restrictions on the length of the payout period. The best time to annuitize an annuity depends on a number of factors, including interest rates, life expectancy, and retirement goals. * required fields To have an approved presentation of a variable annuity the prospect must receive which of the following documents? The future value of an annuity decreases as the interest rate increases. What is the process of converting an annuity's accumulated value into a periodic income, 16. Annuity Payout Option There is no guarantee you'll get the total amount you accumulate. Indexed Annuity, A Variable Annuity is different from a Fixed Annuity because it must be sold with which of the following documents? D While annuitization can be advantageous for retirees looking for a reliable source of income, it may not be suitable for those who need flexibility or who are concerned about the potential loss of principal. Solved 14. All of the following are common modal | Chegg.com The annuitization process involves purchasing an annuity, determining the payout rate, choosing a payout option, and receiving regular payments from the insurer. common modal annuitization payout Annuity certain is income for a fixed time period as opposed to one's entire life. Earl has purchased: A single premium immediate annuity allows the annuitant to receive an income immediately. We have the vision of creating a stress-free field 2009-2023 - myCourseHelp.com. Immediate annuities are similar to annuitization in that they provide a guaranteed income stream. However, bond ladders require active management and may not keep pace with inflation. A joint and survivor annuity may provide continued income for the surviving spouse, but it may offer a lower payout rate. If the interest rate is 5 percent the amount of each annuity payment is closest to which of the following. In most states a fixed immediate annuity cash value cannot be touched by creditors.

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