Question

In: Finance

Which of the following allows an individual to receive a fixed amount of income over a...

Which of the following allows an individual to receive a fixed amount of income over a certain period of time, or over his or her life?

  • Fixed annuity

  • Term insurance

  • Whole insurance

  • Variable annuity

  • 401(k)

Solutions

Expert Solution

A fixed annuity is a financial product that pays out a fixed stream of payments to an individual, rate of which is locked on, this is primarily used as an income stream for retirees.

The answer is A) fixed annuity

jeff jeffy answered 2 years ago
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