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An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called: An installment Refund annuity A Straight Life annuity A Cash Refund annuity A Joint Life annuity

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An annuity promises that, if the annuitant dies before receiving payments equal to the correct value, the payments will be continued to a beneficiary until an amount equal to the contract value has been paid. This type of annuity is called:
An installment Refund annuity
A Straight Life annuity
A Cash Refund annuity
A Joint Life annuity

 
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