Tamara has 2 annuities with Top Insurance Inc.: A straight life annuity that provides a monthly income

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Tamara has 2 annuities with Top Insurance Inc.: A straight life annuity
that provides a monthly income payment of $2,500; and an accumulation annuity with a contract value of $125,000. If Top Insurance were to become insolvent, what level of coverage would Assuris provide for Tamara's annuities?
a)Straight life annuity $2,000 per month; accumulation annuity $100,000.
b)Straight life annuity $2,000 per month; accumulation annuity $106,250.
c)Straight life annuity $2,125 per month; accumulation annuity $100,000.
d)Straight life annuity $2,500 per month; accumulation annuity $106,250.

Posted Date: Oct 15, 2021 11:26 PM

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Tamara has 2 annuities with Top Insurance Inc.: A straight life annuity that provides a monthly income

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The correct answer is aStraight life annuity 2000 per month accumulation annuity 100000 A straight life annuity some of the time called a straight life strategy is a retirement pay item that pays an a... View the full answer

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