Jack and Jill have an annuity that covers them both. As long as Jack lives, they will receive 100% payments. After Jack's death, Jill will receive 75% of the payment amount. This kind of annuity is a:
a. joint-and-survivor annuity.
b. single life annuity.
c. joint life annuity.
d. double annuity.
2007-02-15 03:12:08 · 6 answers · asked by Anonymous in Business & Finance ➔ Insurance
are you in the middle of taking your exam? You have several of these questions out here!
2007-02-15 05:35:39 · answer #1 · answered by ricks 5 · 0⤊ 0⤋
A.) Joint & Survivor Annuity
The joint life annuity would pay out a full 100% to survivor. A single life would only pay beneficiaries. A double annuity is basically two annuity contracts in one.
2007-02-15 03:32:36 · answer #2 · answered by codenamex_47 3 · 1⤊ 0⤋
frank ,who is in the 33% marginal income tax bracket ,owns a deferred annuity that is presently earning 5% interest what yield on a taxable investment will generat the same amount of money as frank's tax deferred annuity ?
2017-02-14 01:23:10 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I have also asked the same question 3 times, and did not get an answer
2016-08-23 18:07:31 · answer #4 · answered by Anonymous · 0⤊ 0⤋
a. joint (jack +jill) survivor (jill) annuity.
Answer is: a
2007-02-15 03:21:23 · answer #5 · answered by Dave 1 · 2⤊ 0⤋
B. Single life annuity
2007-02-15 03:17:47 · answer #6 · answered by Oh Boy! 5 · 0⤊ 5⤋