Which of the following is true regarding the annuity period

Posted By Admin @ September 03, 2022

Question:

Which of the following statements is/are TRUE about a variable annuity contract?

(A) Annuity payments to an annuitant may increase or decrease during the annuity period
(B) The annuitant gives up control over the principal upon the commencement of annuity payments
(C) If an annuitant selects a 10 year certain annuity option, he or his beneficiary will receive annuity payments for at least 10 years
(D) All of the above

Answer:

Answer:

The answer is: D) All of the above

Explanation:

The characteristics of a variable annuity contract are:

earnings are tax deferred and reinvested
they offer a Guaranteed minimum death benefit (GMDB)
depending on the annuity payout option the beneficiary takes, they can provide guaranteed income for life

The beneficiary can decide between different annuity options. Annuity payments can vary depending on the account's earnings.

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Which of the following is true regarding the annuity period

Question:

Answer:

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