Question: Which statement below about annuities is false? Group of answer choices A deferred annuity provides income to the beneficiary at some date in the future.

Which statement below about annuities is false?
Group of answer choices
A deferred annuity provides income to the beneficiary at some date in the future.
A flexible premium annuity provides the insured with the flexibility to vary premium payments.
Annuity benefit payments consist of both return of basis and taxable income.
A joint and survivor annuity is an ideal way for parents to leave assets to their children.

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