Question

Which of the following is true about Annuity Contingent ?

• A. It is made till the happening of an event.
• B. It is made for fixed number of intervals of time.
• C. Loans for home comes under it
• D. All of the above

Answer 1

The correct option is A It is made till the happening of an event.

$\Rightarrow$ True statement about Annuity contingent is $Itismadetillthehappeningofanevent.$

$\Rightarrow$ 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.