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    Question

    The fixed income that one gets after the

    retirement is also known as ________. 
    A Securities Correct Answer Incorrect Answer
    B Interest Correct Answer Incorrect Answer
    C Fund Correct Answer Incorrect Answer
    D Annuity Correct Answer Incorrect Answer
    E Provident Fund Correct Answer Incorrect Answer

    Solution

    An annuity is a fixed amount of money that you will get each year for the rest of your life. An annuity is a contract between you and an insurance company that requires the insurer to make payments to you, either immediately or in the future.

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