Answered

Question 7

An immediate annuity consists of a:

A. variable premium
B. flexible premium
C. single premium
D. deferred premium

Select the appropriate response.



Answer :

GinnyAnswer

Final answer:

Immediate annuities involve a single premium payment for immediate regular payouts.


Explanation:

An immediate annuity consists of a single premium payment that provides regular payments typically starting within a year. Unlike a deferred annuity where payments are postponed, immediate annuities begin paying out immediately upon purchase.


Learn more about Annuities here:

https://brainly.com/question/39419397


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