1 an annuity that pays income at some future date in a lump, Ask an Expert

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1. An annuity that pays income at some future date in a lump sum or as income under a payment option is a:

1. Flexible-premium annuity.

2. Fixed annuity.

3. Deferred annuity.

4. Variable annuity.

2. The process of financial planning requires five steps. The first step is:

1. Analyze the present financial situation.

2. Gather important financial information.

3. Identify outstanding liabilities and debts.

4. Determine specific goals and objectives.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92770569

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