Question

Which of the following is not an example of annuity contingent ?

• A. Daughter's Marriage Loan
• B. Life Insurance Plans
• C. Mortgage
• D. All of the above

Answer 1

The correct option is C Mortgage

$\Rightarrow$ $Mortgage$ is not an example of annuity contingent.

$\Rightarrow$ Annuity contingent is an annuity arrangement in which the beneficiary does not begin receiving payments until a specified event occurs.

$\Rightarrow$ A contingent annuity may be set up to begin sending payments to a beneficiary upon the death of another individual who wishes to ensure financial stability for the beneficiary or upon retirement or disablement of the beneficiary.

$\Rightarrow$ Daughter's Marriage loan and Life insurance plans are examples of annuity contingent.