Question: Dominique, age 70, has just retired, She is not interested in the stock market and explains that she would like to structure a stable

Dominique, age 70, has just retired, She is not interested in the

Dominique, age 70, has just retired, She is not interested in the stock market and explains that she would like to structure a stable income stream for herself in retirement. However, a high priority for her is to leave an inheritance to her children and grandchildren when she dies. Given Dominique's needs, which of the following would be the BEST option for Dominique? Oa) Ob) accumulation annuity insured annuity Oc) Od) joint annuity term annuity 18888

Step by Step Solution

★★★★★

3.41 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Answer C A joint annuity entitles benefits to all spouse when living and can enti... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

A market researcher is not interested in refusals or subjects below 22 years of age or over 59. Find the probability that the selected person refused to answer or is below 22 or is older than 59. Age...

A student has seven books that she would like to place in her backpack. However, there is room for only four books. Regardless of the arrangement, how many ways are there of placing four books into...

Which of the following would be the most appropriate benchmark to use for hedge fund evaluation? a. A multifactor model. b. The S&P 500. c. The risk-free rate.

Identify how each General Electric CEO incorporatedor failed to incorporateGE's organizational structure in their business strategy decisions. What did each CEO do well, or what should they have done...

Please help me to answer the following file ............................................................................................... INVESTMENT AND PORTFOLIO MANAGEMENT COURSE ASSESSMENT 1...

can i have answer with reason 8 Heather and her husband Hardeep are recently retired and are both 67 years of age. Heather is receiving pension income from her former employer's defined benefit...

Hi! I need help with my Finance 402 work. Thank you! Case Problem 6.1 Sara Decides to Take the Plunge Sara Thomas is a child psychologist who has built a thriving practice in her hometown of Boise,...

i need help from section 3 part A I have already posted this and you asked me to post under advanced option Assignment Tier 1 Financial Planning (Tier1FPPA_AS_v1A3) Page 2 of 92 Student...

i need some one toanswering these three questions. make sure to include apa format for the information pretty straight forward. Attached below are the chapters. Chapter 7: 7.2 #2 (p. 168) Chapter 8:...

Q Attached are 10 questions that need to be answeredfrom the information form the Case Study.Please DO NOT use the sameanswers that have been answered on this site already, because they are wrong!I...

If you are the 100% owner of a business, is there anything wrong with cookie jar accounting? Why or why not?

Assignment: You are an Executive at the Canadian-based company Panamera Inc., a software company that sells and provides its services online (SaaS model). Your company's core product, initially...

The following contingency table is from the China Health and Nutrition Survey (2006)* Ever Smoked Cigarettes Household Registration Type: Urban Household Registration Type: Rural Total No Count: 2833...

Intel Corporation uses activity-based costing to allocate overhead costs. The following data is available: Activity Cost Pool ($) Cost Driver Cost Driver Volume R&D $400,000 Number of projects 50...

Serena has made an economic statement that would be categorized as normative. What did Serena say? Group of answer choices "Inflation is an increase in prices over time." "Today the inflation rate...

I am confused. Help, please Note - Google Social Work Values and Ethics Consider the following situations: 1- Marsha is a case manager for people with intellectual disabilities. Ray, age 20, just...

Use the binomial model to price a European call option for Nestle. (choose time period: can be last werk to this week or today to mext week, etc.)

Find the equation of the plane passing through the points P 5,4,3 ,Q 4,3,1 and R 1,5,4

Listed below are the numbers of defective dimes in successive batches of 10,000 randomly selected on consecutive days of production? 32 21 25 19 35 34 27 30 26 33

When randomly selecting 600 people, the probability of exactly 239 people with brown eyes is P(239) = 0.0331. Also, P(239 or fewer) = 0.484. Which of those two probabilities is relevant for...

In a recent New York City marathon, 25,221 men finished and 253 dropped out. Also, 12,883 women finished and 163 dropped out (based on data from the New York Times). We want to use a 0.01...

One of the fust Internet-based groceries home delivery businesses was Homegrocer.com. In 1998, Mike Donald, president of Concord Sales, one of the largest food brokers in B.C., and two partners...

Go to the Web site of Airbus A38G, the biggest passenger plane ever built (525 passengers or more on 2 floors, with a range of 15,000 km, and a wingspan of 80 metres), http://www.airbus....

The fixed cost of running a gift store (wages, rent, etc.) in a particular mall is $250,000 per year. The gross margin (i.e., sales - cost of goods sold or alternatively revenue - variable cost) is...