Question 1037 of 287 · Texas Life, Accident and Health Agent Exam
An annuity in which the owner pays premiums as a series of payments over time before income begins is a
Exactly one answer is correct.
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Correct answer to question 1037
- B: flexible premium deferred annuity
Explanation
Flexible premium contracts allow the owner to add money during the accumulation period. A single premium contract is funded with one payment.
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