Answered

Which of the following is NOT true regarding an annuity certain?

A. Benefits stop at the annuitant's death.
B. There are no life contingencies.
C. It will pay until a fixed amount is liquidated.
D. It is a short-term annuity.



Answer :

GinnyAnswer

Final answer:

An annuity certain continues to pay out even after the annuitant's death.


Explanation:

An annuity certain is a type of annuity that pays out for a specific period, regardless of the status of the annuitant. Benefits stop at the annuitant's death is NOT true regarding an annuity certain as it continues to pay out even after the annuitant's death.


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