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Business, 02.12.2020 02:30 springlover7266
Which of these statements is a description of an annuity?
The insured essentially shares in the ownership of the insurance company.
The insured agrees to make a lump-sum payment or series of payments to an
insurance company.
The insurance company pools money from the premiums paid by all of its customers.
An annuity represents a promise by an insurance company to pay a specific interest
rate to the insured.
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Answers: 1
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Which of these statements is a description of an annuity?
The insured essentially shares in the own...
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