Which type of annuity guarantees a stated number of income payments, whether or not the annuitant is still alive to receive them?
Which type of annuity guarantees a stated number of income payments, whether or not the annuitant is still alive to receive them?
a) Life annuity certain
b) Secure life annuity
c) Irrevocable survivor annuity
d) Guaranteed life annuity
Answer: a) Life annuity certain