Multiple Choice
Annuities are an important product sold by life insurance companies.Which of the following statements is correct as of 2015?
A) Life insurance contracts continue to dominate premiums written while annuities are of less importance.
B) The value of annuity sales are more than double those of traditional life insurance lines.
C) Retirement accounts and private pension plans are not allowed access to the annuities of life insurance companies.
D) The funds in an annuity can only be invested in guaranteed investment contracts (GICs) .
E) All annuities are listed as separate accounts business on the life insurer's balance sheet.
Correct Answer:
Verified
Correct Answer:
Verified
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