Question: Match the terms relating to the basic terminology and concepts associated with annuities on the left with the descriptions of the terms on the right.

Match the terms relating to the basic terminology and concepts associated with annuities on the left with the descriptions of the terms on the right. Read each description carefully and type the letter of the description in the Answer column next to the correct term. These are not necessarily complete definitions, but there is only one possible answer for each term. A. This type of guaranteed-minimum annuity guarantees the purchaser a stated amount of monthly income for life in exchange for agreeing to pay a minimum number of years. B. This is the fund available to the purchaser's beneficiaries. C. When the purchaser dies, the contract terminates and the estate or beneficiaries do not receive a refund. D. The amount that is ultimately paid out to the insured varies with the investment results obtained by the insurance company. E. For this annuity, the insurance company agrees to pay a guaranteed interest rate on your money. F. Starting with regular payments (monthly, quarterly, annually) and as low as $100, this annuity is purchased over an extended period of time. G. This type of contract allows cash benefits to be stretched for several years. H. This annuity allows the purchaser to receive monthly benefits immediately. I. Without regard for life contingency, this annuity specifies monthly income for a stated number of years. J. This annuity usually requires a minimum investment ($2, 500 to $10,000) and is often purchased just before retirement as a way of creating a future stream of income
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