_______ plans provide for a “pension” or a mix of a lump sum amount and a pension to be paid to the policyholder or his spouse.

A)
Liquidity
B)
Cover
C)
Annuity
D)
Fund

Correct Answer : Option (C) - Annuity



A contract sold by an insurance company designed to provide payments to the holder at specified intervals.

Published On : June 2, 2021
Category : Insurance and Finance