Which of the following are purchase and payout options for variable annuity contracts?

Which of the following are purchase and payout options for variable annuity contracts?


I Lump sum payment; Immediate annuity

II Lump sum payment; Deferred annuity

III Periodic payments; Immediate annuity

IV Periodic payments; Deferred annuity



A. I and II only

B. III and IV only

C. I, II, IV

D. I, II, III, IV


Answer: C.

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