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A retired couple would like to maximize the income derived from their life savings and have it payable until they both die. Which annuity would be their best choice?
Fixed annuity
Survivorship annuity
Joint life annuity
Joint and survivor annuity
Answer: Joint and survivor annuity
The above question A retired couple would like to maximize the income derived from their life savings and have it payable until they both die. Which annuity would be their best choice?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
