Question
An individual receiving benefits under an annuity is
called?Solution
An annuitant is a person who collects the benefits of an annuity or pension, or named in a specialized life insurance contract. The annuitant is the beneficiary of an annuity or pension. An annuitant can be the contract holder or another person. The beneficiary receives the proceeds of the annuity contract upon the annuitant's death to shield the beneficiary from a loss of income.
A term policy that can be converted to permanent coverage rather than expiring on a specific date is called?
What is the purpose of a "loss adjuster"?
What does the preamble of an insurance policy NOT typically include?
Which of the following is NOT a type of motor insurance policy?
A policy that covers loss or damage to a householder's property is:
The period during which the owner of a deferred annuity makes payments to build up assets is called?
Identify the correct full form of GAAT?
What does the term "insured" refer to in insurance?
Which type of insurance usually requires higher premium ?
Which of the following bank is not involved in housing finance to general public?
