Kachina reviews her client Laird's existing investments, She notices that all of his investments are concentrated...

 

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Kachina reviews her client Laird's existing investments, She notices that all of his investments are concentrated in long- term investments or investments with long durations to maturity. Laird is planning on buying a house soon, within the next 2 to 3 months. He will need approximately $50,000 from his investments to put towards the down payment on the house and additional amounts to cover other costs including legal fees and land transfer costs. Which of the following BEST describes what Laird should do given his planned home purchase? He should purchase an immediate life annuity. He should purchase some highly liquid investments. He should purchase an accumulation annuity. He should keep his investments as they are. 22 Oa) Ob) Oc) Od) 18888 Kachina reviews her client Laird's existing investments, She notices that all of his investments are concentrated in long- term investments or investments with long durations to maturity. Laird is planning on buying a house soon, within the next 2 to 3 months. He will need approximately $50,000 from his investments to put towards the down payment on the house and additional amounts to cover other costs including legal fees and land transfer costs. Which of the following BEST describes what Laird should do given his planned home purchase? He should purchase an immediate life annuity. He should purchase some highly liquid investments. He should purchase an accumulation annuity. He should keep his investments as they are. 22 Oa) Ob) Oc) Od) 18888

Answer rating: 100% (QA)

Answer A An immediate life annuity guarantees ... View the full answer