Module 8: Annuities

Question 1

1. An annuity plan

A. offers life insurance protection
B. offers the waiver of premium benefit
C. is the same as an endowment plan
D. is a purchase of income

Answer 1

D

Question 2

2. The person who purchases the annuity plan is called the

A. assignor
B. owner
C. insured
D. annuitant

Answer 2

D