Multiple choice general knowledge

What benefits guarantees to protect annuitant’s accumulated assets during the lifetime and provide a regular stream of income during retirement?

  1. Death Benefits

  2. Retirement Benefits

  3. Living Benefits

  4. Unconditional Death benefit
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Living Benefits guarantee to protect accumulated assets during the annuitant's lifetime and provide regular retirement income - which is exactly what the question describes. Death Benefits only apply after death, and Retirement Benefits is a general term, not a specific technical product feature. Living Benefits ensure the annuitant receives lifetime income while protecting their principal investment.

Keep practicing — related questions