If a contract provides a set amount of income for two or more persons with the income stopping upon the first death of the insured, it is called a

If a contract provides a set amount of income for two or more persons with the income stopping upon the first death of the insured, it is called a


A) Joint and survivor annuity.

B) Deferred annuity.

C) Pure annuity.

D) Joint life annuity



Answer: Joint life annuity

Comments

Popular posts from this blog

Give the von Neumann-Morgenstern utility function.

Life income joint and survivor settlement option guarantees