Which of the following statements is (are) true about a longevity annu
Which of the following statements is (are) true about a longevity annuity (longevity insurance)?
I. If the annuitant dies during the deferral period, the purchase price of the annuity is forfeited.
II. Longevity insurance is an example of an immediate annuity.
A) I only
B) II only
C) both I and II
D) neither I nor II
ANSWER
Answer: A
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