Vlad meets with Diogo, an insurance agent, to discuss purchasing an annuity. Based on the amount he
Fantastic news! We've Found the answer you've been seeking!
Question:
Vlad meets with Diogo, an insurance agent, to discuss purchasing an annuity. Based on the amount he would like to deposit, he receives a quote that will pay $500 per month until death, with a 5-year guarantee period. However, Vlad wants higher payments. Which of the following would lead to higher payments?
1. waiting for a year to purchase the annuity
ii. decreasing the amount of his initial deposit
iii. changing his payments to annual
iv. increasing the duration of the guarantee period
a. i and ii
b. i and iii
c. ii and iv
d. iii and iv
Related Book For
Law for Business
ISBN: 978-1259722325
13th edition
Authors: A. James Barnes, Terry M. Dworkin, Eric L. Richards
Posted Date: