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Health and Life Insurance

Category - Annuities & Policies

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Which of the following explains a two-tiered annuity?

Two values available upon maturity
Two interest rates available to the annuitant
Two annuitants or survivors
Two payments made each month to the annuitant

Explanation

Answer: A - A two-tiered annuity has two values available to the annuitant upon maturity. The annuitant can choose to take a lump sum payment or receive periodic payments from the issuer. These annuities can offer relatively high rates but only if the annuitant holds the contract for a certain period of time.

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Health and Life Insurance

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