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An Annuity, Five Years Certain, Makes Payments to the Annuitant

Question 12

Multiple Choice

An annuity, five years certain, makes payments to the annuitant:


A) for 5 years or until the annuitant's death, whichever event happens last
B) for only the first 5 years of the liquidation period
C) only if the insured dies within the first five years
D) for 5 years or until the annuitant's death, whichever event happens first

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