Social Studies College

According to the chart, all of these are factors to consider when purchasing insurance and/or annuities except
A) pay out options
B) purpose for buying
C) age at purchase date
D) taxable contributions and pay outs

Answers

Answer 1

According to the chart, the pay-out options, age at purchase date and taxable contributions and pay-outs consider when purchasing insurance and/or annuities.

What is annuity?

Annuity is defined as the series of payments made at regular intervals, is known as an annuity.

Regular savings account deposit, monthly insurance payments,  monthly home mortgage payments and pension payments are all instances of annuities. The frequency of payment dates can be used to categorize annuities.

When buying insurance and/or annuities, consider the pay-out possibilities, age at purchase date, and taxable contributions and pay-outs.

Therefore, option B is correct.

Learn more about the insurance, refer to:

https://brainly.com/question/989103

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