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.

Practice Next
×
×