Cheryl purchased an annuity from National Pride Insurance Company, a federally regulated insurance company. The annuity pays
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Question:
Cheryl purchased an annuity from National Pride Insurance Company, a federally regulated insurance company. The annuity pays Cheryl $2,500 a month. National Pride has recently run into financial difficulty and is unable to meet its obligations, including Cheryl’s annuity payments. How much will Cheryl receive going forward?
a) $0
b) $2,000
c) $2,125
d) $2,500
Related Book For
The Legal Environment of Business
ISBN: 978-0538473996
11th Edition
Authors: Roger E Meiners, Al H. Ringleb, Frances L. Edwards
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