Flag this Question Question 9 1 pts 9. An annuity that pays income at some futur

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Question 9

1 pts

9. An annuity that pays income at some future date in a lump sum or as income

under a payment option is a:

1. Flexible-premium annuity.

2. Fixed annuity.

3. Deferred annuity.

4. Variable annuity.

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Question 10

1 pts

10. The process of financial planning requires five steps. The first step is:

1. Analyze the present financial situation.

2. Gather important financial information.

3. Identify outstanding liabilities and debts.

4. Determine specific goals and objectives.

1. Flexible-premium annuity.

2. Fixed annuity.

3. Deferred annuity.

4. Variable annuity.

Explanation / Answer

9) 3 is correct.

Deferred annuity offers the option to receive lumpsum or payment at a future date to investors.

10) 4 is correct.

The first step in financial planning is to determine specific goals and objectives.

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