Annuities Life Insurance Florida |13 Questions| With Correct Answers.

The annuity that represents the largest possible monthly payment to an individual annuitant is a(n) {Ans: Straight Life annuity}T has an annuity that guarantees an income payment for the rest of his life. The contract also guarantees that if T dies before receiving payments for 20 years, the remaining payments will be paid to his son for the balance of the 20 years. What type of annuity is this? {Ans: Life Annuity with Period Certain}Equity indexed annuities are invested in which of the following {Ans: S&P 500}G purchased a $50,000 single premium, Straight Life Annuity 2 years ago. G has been receiving monthly payments from the annuity. When G dies, the insurer {Ans: Must continue to make monthly payments to G's beneficiary for the rest of the beneficiary's life}An immediate annuity consists of a {Ans: single premium}What is considered to be a characteristic of an immediate annuity? {Ans: Benefit payments start within one payment period of purchase}Which of the following annuities pays benefits based on units rather than specific dollar amounts? {Ans: A Variable annuity}P is a forty year old woman and would like to purchase an annuity that will provide a lifetime