alwaysminato129 alwaysminato129

12-06-2024
Business

Answered

Which of the following products provides income for a specified period of years or for life, and protects a person against outliving their money?

A. A group policy
B. An annuity
C. A survivorship life policy
D. A universal life policy

Answer :

GinnyAnswer GinnyAnswer

12-06-2024

Final answer:

An annuity offers income for a defined time period or for life, safeguarding against financial depletion.

Explanation:

An annuity provides income for a specified period of years or for life, protecting a person against outliving their money. It is a retirement vehicle that guarantees periodic payments either until death or for a set number of years.

Learn more about Annuities here:

https://brainly.com/question/39419397

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