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RMI 3011 final exam RMI 3011 Florida State University -Question and answers rated A+ $13.99   Add to cart
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RMI 3011 final exam RMI 3011 Florida State University -Question and answers rated A+
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RMI 3011 final exam RMI 3011 Florida State University -Question and answers rated A+ annuity - correct answer periodic pmt that continues for fixed pd or duration of designated life annuitant - correct answer recs pmts annuity reduces risk of - correct answer living too long annuity ...

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  • November 30, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • rmi 3011 final exam
  • rmi 3011 final exam question and answers rated a
  • rmi 3011 final exam rmi 3011 florida state univers

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RMI 3011 final exam Question and
answers rated A+
annuity - correct answer ✔periodic pmt that continues for fixed pd or duration
of designated life


annuitant - correct answer ✔recs pmts


annuity reduces risk of - correct answer ✔living too long


annuity if the opposite of - correct answer ✔LI


1. fixed annuity - correct answer ✔guaranteed and fixed amt


accumulation pd - correct answer ✔prior to retirement


guaranteed rate - correct answer ✔min int rate credited to fixed annuity


current rate - correct answer ✔based on current mkt conditions; guaranteed
for limited pd


liquidation pd - correct answer ✔funds paid out


fixed annuity not protected against - correct answer ✔inflation


immediate annuity - correct answer ✔first income pmt is due one payment
interval from the date of purchase

, deferred annuity - correct answer ✔provides income payments at some
future date


single-prem deferred annuity - correct answer ✔deferred annuity purchase
w/ lump sum


flexible-prem annuity - correct answer ✔owner can vary premium pmts


most annuities - correct answer ✔are not annuitized


life annuity (no refund) option - correct answer ✔life income to annuitant only
while alive


life annuity w/ guaranteed pmts - correct answer ✔life income to annuitant w/
certain # of guaranteed pmts


installment refund option - correct answer ✔life income to annuitant


installment refund option after death - correct answer ✔pmts to beneficiary
until they equal purchase price


cash refund option - correct answer ✔pays beneficiary in lump sum


joint and survivor annuity - correct answer ✔pays based on lives of 2+
annuitants


joint and survivor pmts until - correct answer ✔last annuitant dies

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