100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
RMI 3011 final exam RMI 3011 Florida State University -Question and answers rated A+ $13.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. Florida State University
  4.  
  5. RMI 3011

Exam (elaborations)

RMI 3011 final exam RMI 3011 Florida State University -Question and answers rated A+
 1 view  0 purchase

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 ...

[Show more]

Preview 2 out of 10  pages

Document information

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

Subjects

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

Written for

All documents for this subject (80)

Seller

avatar-seller
Academia199

Reviews received

Content preview

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

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Academia199. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

61001 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$13.99
  • (0)
  Add to cart