Feature that protects the annuitant from inflation

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Reference no: EM131949335

Answer True or False.

1. All annuity contracts have a feature that protects the annuitant from inflation.

2. If you are concerned with the risk of outliving your financial resources, then you might consider purchasing an immediate annuity at least in an amount sufficient to cover your basic living expenses.

3. A 401(K) plan is a good substitute for a life insurance policy.

Reference no: EM131949335

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