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Concepts, $2$nd Edition, Revised Online Certification Exam

Annuity Concepts, $2$nd Edition, Revised Online Certification Exam

$()00$:$10$:$41$

Question #$5$ of $50$

When a younger person annuitizes his contract, the recommended distribution option should include a refund option for which of the following reasons?

A$)$ Younger persons don't understand annuities well, and this helps to increase their understanding.

B$)$ A longer life expectancy results in lower payments. The refund option protects against leaving funds with the insurer in the event of premature death

C$)$ A longer life expectancy results in higher payments. The refund option will lower the payments to make them last a little longer.

D$)$ The refund option helps prevent the younger annuitant from making a poor choice, such as life with $10$ years certain.

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