MICHIGAN VARIABLE ANNUITIES Study guides, Class notes & Summaries
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MICHIGAN VARIABLE ANNUITIES EXAM
- Exam (elaborations) • 8 pages • 2024
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Other names for pure life settlement - Answer--life income -life annuity What annuity settlement option produces the largest monthly income guaranteed for life? - Answer-pure life settlement option second life contingency option - Answer-life with period certain (ie. 10 years) so even if the annuitant does or does not die within that timeframe, insurer guarantees to continue the annuity payments to a named beneficiary for the balance of the certain period. third life contingency option...
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MICHIGAN VARIABLE ANNUITIES EXAM 2024 WITH 100% CORRECT ANSWERS
- Exam (elaborations) • 11 pages • 2024
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MICHIGAN VARIABLE ANNUITIES EXAM 2024 WITH 100% CORRECT ANSWERS Other names for pure life settlement - correct answer -life income -life annuity What annuity settlement option produces the largest monthly income guaranteed for life? - correct answer pure life settlement option second life contingency option - correct answer life with period certain (ie. 10 years) so even if the annuitant does or does not die within that timeframe, insurer guarantees to continue the annuity payments t...
