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Final Exam: California Life, Accident, and Health Insurance| Questions and Answers| Exam Already Passed
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What distinguishes a deferred annuity from an immediate annuity? - The time at which benefit payments start Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - 60 payments What is a common reason people purchase an annuity? - To protect against the risk of outliving their financial resource
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