Florida Life and Health Insurance License Test 2025 – 400 Free Practice Questions to Pass the Exam

Question: 1 / 400

Which type of annuity is purchased by P to receive retirement payments after 15 years of funding?

Immediate

Deferred

A Deferred annuity is the only type of annuity that allows for funding over a period of time before receiving retirement payments. Other options like Immediate, Variable, and Fixed annuities do not have a funding period and the payments begin immediately, have variable payment amounts, or have a fixed payment amount, respectively. Therefore, B is the correct answer as it aligns with the given context of receiving retirement payments after 15 years of funding.

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Variable

Fixed

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