Are you having trouble answering the question “Which of the following are characteristics of Defined Contribution Plans?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
Which of the following are characteristics of Defined Contribution Plans?
I Annual contribution amounts are fixed
II Annual contribution amounts will vary
III The benefit amount to be received is fixed
IV The benefit amount to be received will vary
A. I and III
B. I and IV
C. II and III
D. II and IV
Answer: B.
You should now have gotten the answer to your question “Which of the following are characteristics of Defined Contribution Plans?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.
