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Business, 24.06.2020 21:01 trevorhenyan51

Tracy, age 63, plans to retire in 90 days. She has $100,000 to invest in an annuity and would like to receive lifetime monthly income to supplement her Social Security benefits. However, she is concerned that she might die before she receives back the amount invested). Which of the following annuity policies can best meet her need? a. Fixed life annuity
b. Fixed life annuity with cash refund
c. Variable annuity
d. Equity-indexed annuity

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Tracy, age 63, plans to retire in 90 days. She has $100,000 to invest in an annuity and would like t...
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