What is an annuity??

A. ?A fixed sum to be paid at regular intervals to an insurance policyholder for either a certain or indefinite period
B. ?The cash reserve that increases each year an insurance policy remains in force as a minimum savings feature
C. ?An annual sum that the insured pays to an insurance company as consideration for the insurance contract
D. ?An alternative that a party to an insurance contract agrees to follow to discharge the agreement


Answer: A

Legal Studies & Paralegal

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