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Nadya [2.5K]
3 years ago
12

A customer buys a variable annuity and elects a payout option of Life Income with a 20 year period certain. This means that paym

ents will continue for:
Business
1 answer:
Finger [1]3 years ago
5 0

Answer:

the annuitant's life, but if he dies before 20 years elapse, payments continue to his heir(s)

Explanation:

An annuity life payment is a financial option that continues until the annuitant dies. a lump sum payment is made by this annuitant which he uses in securing a payout option of Life Income with a 20 year period certain . This annuity would continues for as long as the customer or annuitant is alive, but if he dies before that certain period, Someone else, that is a beneficiary or heir would be entitled to the payment until that period of 20 years elapses.

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Suppose that you invest $100 today in a risk-free investment and let the 6 percent annual interest rate compound. What will be t
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Solution :

It is given that :

Amount of investment or the principle amount , P = $ 100

Time of investment , t = 6 years

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Therefore the future amount of this investment in a 6 year time is given by,

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$FV=100(1+\frac{6}{100})^6

$FV=100(1+0.06)^6

$FV= 100 (1.4185)$

$FV=141$

Therefore, after 6 years the investment of $ 100 will give an amount of $ 141.

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Romashka-Z-Leto [24]

Answer:

A

Explanation:

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When a company is following the proportionality principle in its policy creation, the security levels, costs, practices, and pro
iren2701 [21]

Answer:

<u>True</u>

Explanation:

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For instance, you would not expect the security level of a company concerning its customers contact information to be the same with the company's operating address, because the latter is less sensitive.

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