Annuity Period Refers to Which of the Following

What is the period of deferral in the deferred annuity. Which of the following refers to the amount of each payment in an annuity A from MATH 5A at Saint Louis University Baguio City Main Campus - Bonifacio St Baguio City.

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An appropriate policy would be.

. Annuity stops either on the death of the annuitant or completion of the guaranteed period whichever is later. Which of the following best describes what the annuity period is. Every individual annuity or pure endowment contract and every group annuity certificate issued in New York must provide annual apportionment by the insurer of any surplus a complete premium refund if the insured surrenders the contract to the insurer within a period of not less than 10 nor more than 30 days after contract delivery and a 31-day grace period and allow for.

To compute the present value of a deferred annuity we compute the present value of an ordinary annuity of 1 for the entire period and subtract the present value of the rents which were not received during the deferral period. The term annuity period refers to which of the following. B The period of time spanning from the accumulation period to the annuitization period c The period of time during which money is accumulated in an annuity d The period of time spanning from the effective date of.

It is refers to a single amount that is equivalent to the value of the payment stream that shall date. In laymans terms the accumulation phase refers to the period where a person is saving for retirement. The annuitization phase also known as the annuity phase is the period when the annuitant starts to receive payments from the annuity.

It may last for the lifetime of the annuitant or for a shorter specified period of time depending on the benefit payment option selected. An 8-year annuity due has a present value of 1000. The annuity period is the time during which accumulated money is converted into an income stream.

A typical variable annuity. Annuity By definition annuity is a series of payments that are made at equal intervals with a fixed compound interest. A financial hardship b.

If the interest conversion or compounding period is equal or the same with the payment interval what type. A The period of time during which accumulated money is converted into income payments. This period is after the accumulation.

Using the information provided what transaction represents the best application of the present value of an annuity due of 1. Which of the following is a feature of a variable annuity. Which of the following situations is an example of a general annuity.

If the interest rate is 5 percent the amount of each annuity payment is closest to which of the following. Annuities range from fixed to. The time during which payments are made to the annuitant One of the greatest advantages of convertible and renewable term policies is that the insured is not required to show proof of insurability in order to renew or convert.

He would like a start a permanent life insurance program that would cover his debt and still be affordable during he period he is establishing his earning potential. An annuity due is an annuity that makes a payment at the beginning of each period. A deferred annuity is an annuity in which the rents begin after a specified number of periods.

It may last for the lifetime of the annuitant. Ordinary annuities make fixed payments at the beginning of each period. An annuity is a series of equal payments made at fixed intervals for a specified number of periods.

All of the following are conditions for which an annuity carrier commonly waives the charge for early contract surrenders EXCEPT. The annuity is to be paid for a guaranteed period say 5 10 or 15 years even if the annuity buyer dies. Which type of annuity will be used.

The correct answer is thus. An annuity is a financial contract that allows the buyer to make a lump-sum payment or a series of payments in exchange for receiving future periodic disbursements. Falcon Products leases an office building for 8 years with annual lease payments of 100000 to be made at the beginning of each year.

Which of the following statements about annuities are true Check all that apply. It is also referred to as the accumulation period. Which of the following refers to the fixed sum of money paid to someone at regular intervals and subject to a fixed compound interest.

His studies have limited his ability to work so he has borrowed funds to pay for his education. Annuity payable for a guaranteed period. If the interest conversion or compounding period is unequal or not the same as the payment interval.

All of the following are common modal annuitization payout options EXCEPT. B It is the period of time during which the annuitant makes premium payments into the annuity. Fair Market Value.

A college student will graduate next year. Simple interest 1 See answer Advertisement. What term refers to the time between the purchase of an annuity and the start of the payments for the deferred annuity.

Which of the following is TRUE regarding the annuity period. Annuity uncertain 4What type of annuity is represented by a deposit of Php10000 that is made at the. - 11412838 mitch22194 mitch22194 24022021.

It is the period of time during which the annuitant makes premium payments into the annuity. Period of Deferral B. Entry into a nursing home d.

Compass Inc signs a note of 32000 which requires the company to pay back the principal plus interest in four years. It also means different for retired individuals because the accumulation phase for them comes after the distribution phase where they spend the money. During this period of time the annuity payments grow interest tax deferred.

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