Annuity Period Refers to Which of the Following

All of the following are common modal annuitization payout options EXCEPT. Annuity uncertain 4What type of annuity is represented by a deposit of Php10000 that is made at the.

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It is a period during which the payments into the annuity grow tax deferred.

. It refers to the time between when an investment is made and when payments are first received. If the interest conversion or compounding period is unequal or not the same as the payment interval. Provides a lifetime income through periodic payments to the annuitant.

For the following ordinary annuity determine the size of the periodic payment. Annuity period refers to which of the following. Annuity payable for a guaranteed period.

An accumulation period or. Which of the following best describes what the annuity period is. Burden receive a monthly annuity payment.

A The period of time during which accumulated money is converted into income payments. The interval between the beginning of the first payment period and the end of the last period. What term refers to the payments received or payments or deposits made.

A It is also referred to as the accumulation period. An annuity is a contract that. Annuity stops either on the death of the annuitant or completion of the guaranteed period whichever is later.

Future Payment Period 2130000 12 months Present Conversion Term of Annuity Interest Rate 10 years Value Value Period 85 annually The payment is S Round the final answer to the nearest cent as needed. When the annuity contract owner dies before the contract is annuitized. Round all intermediate values to six decimal places as needed.

B It is the period of time during which the annuitant makes premium payments into the annuity. All of the following are conditions for which an annuity carrier commonly waives the charge for early contract surrenders EXCEPT. Deferred Payment Annuity.

This period is after the accumulation. A 5-year P100 annuity due will have a higher present value than a 5-year P100 ordinary annuity. The annuity income payments are scheduled to begin after 1 year since the annuity was purchased.

Which type of annuity will be used. The annuity period is the time during which accumulated money is converted into an income stream. A financial hardship b.

An annuity is a financial contract that. An annuity due has payments that occur at the beginning of each time period. In this blog post we will discuss how the accumulation period works and what it means for annuity investors.

If unspecified you should assume an annuity is an annuity due. Every individual annuity or pure endowment contract and every group annuity certificate issued in New York must provide annual apportionment by the insurer of any surplus a complete premium refund if the insured surrenders the contract to the insurer within a period of not less than 10 nor more than 30 days after contract delivery and a 31-day grace period and allow for. The annuity is to be paid for a guaranteed period say 5 10 or 15 years even if the annuity buyer dies.

Entry into a nursing home d. Click to see full answer. An annuity where the payments received will start some time in the future as opposed to starting when the annuity is initiated.

An annuity is an unending stream of equal payments occurring at equal intervals of time. Keeping this in view what is the accumulation period of an annuity. The sum of all the payments to be made during the entire term of the annuity.

1 A Which of the following statements is most correct. C It may last for the lifetime of the annuitant. The future value of an annuity decreases as the interest rate increases.

Regular or Periodic Payment. The process of determining the amount of the annuity payment. The accumulation period is a key part of the annuity payment process.

The annuitization phase also known as the annuity phase is the period when the annuitant starts to receive payments from the annuity. Which of the following is TRUE regarding the accumulation period of an annuity. D During this period of time the annuity payments grow interest tax deferred.

An 8-year annuity due has a present value of 1000. The time during which payments are made to the annuitant. B The period of time spanning from the accumulation period to the annuitization period c The period of time during which money is accumulated in an annuity d The period of time spanning from the effective date of.

For the following ordinary annuity determine the size of the periodic payment Present Payment Period 1 month Conversion Period Future Value Value Term of Annuity Interest Rate 9 years 9 months 12200 00 8 8 monthly The payment is Round the final answer to the nearest cent as needed Round all intermediate values to sox decimal places as needed. The time during which premiums are paid to fund the annuity. The term annuity period refers to which of the following.

A 15-year mortgage will have larger monthly payments than a 30-year mortgage of the same amount and same interest rate. Which of the following refers to the amount of each payment in an annuity. If the interest rate is 5 percent the amount of each annuity payment is closest to which of the following.

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