1
Question
______is an annual payment made by a life insurance company is consideration from a lump sum received.
______is an annual payment made by a life insurance company is consideration from a lump sum received.
Open in App
Solution
The correct option is C Annuity
An annuity consideration is the money an individual pays to an insurance company in exchange for a financial instrument that provides a stream of payments for a given length of time. An annuity consideration may be made as a lump sum or as a series of gradual payments.
An annuity consideration is the money an individual pays to an insurance company in exchange for a financial instrument that provides a stream of payments for a given length of time. An annuity consideration may be made as a lump sum or as a series of gradual payments.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
