true or false? 1. All annuity contracts have a feature that protects the annuitant from inflation. 2. Variable...

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true or false?
1. All annuity contracts have a feature that protects theannuitant from inflation.
2. Variable annuities are a riskier investment than fixedannuities.
3. The goal of most annuities is to provide a steady stream ofincome during retirement for a specified period of time or for theremainder of one or more lives.
4. Immediate annuity contracts will only pay the annuitant.There are no exceptions. This means that upon the annuitant’s deaththe contract is terminated and the insurance company that issuedthe annuity has no more obligations.
5. One feature that all annuity contracts have in common is thatthe annuitant can never outline the annuity payments.
6. If you are concerned with the risk of outliving yourfinancial resources, then you might consider purchasing animmediate annuity at least in an amount sufficient to cover yourbasic living expenses.

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2 TRUE because fixed annuities offer guaranteed minimum rate of interest when comapared to variable annuities But there is less flexibility and growth opportunities in Fixed annuities 3 True The goal of annuity is to provide a a fixed stream of income to See Answer

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true or false?1. All annuity contracts have a feature that protects theannuitant from inflation.2. Variable annuities are a riskier investment than fixedannuities.3. The goal of most annuities is to provide a steady stream ofincome during retirement for a specified period of time or for theremainder of one or more lives.4. Immediate annuity contracts will only pay the annuitant.There are no exceptions. This means that upon the annuitant’s deaththe contract is terminated and the insurance company that issuedthe annuity has no more obligations.5. One feature that all annuity contracts have in common is thatthe annuitant can never outline the annuity payments.6. If you are concerned with the risk of outliving yourfinancial resources, then you might consider purchasing animmediate annuity at least in an amount sufficient to cover yourbasic living expenses.