Anualidades Ciertas Ordinarias Quiz
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Questions and Answers

What is the defining characteristic of Anualidades Ciertas Ordinarias?

  • They offer variable payments based on market performance
  • They provide fixed periodic payments for a specific period of time (correct)
  • They guarantee lifetime income for the annuitant
  • They allow for one-time lump sum payments

    • What happens if the annuitant of Anualidades Ciertas Ordinarias passes away before the end of the specified period?

  • Remaining payments are made to the annuitant's beneficiaries (correct)
  • All payments cease immediately
  • The annuitant's estate receives a lump sum payment
  • The annuitant's beneficiaries receive increased payments

    • What distinguishes Anualidades Ciertas Ordinarias from Anualidades Vitalicias?

  • Anualidades Ciertas Ordinarias require lump sum payments, unlike Anualidades Vitalicias
  • Anualidades Ciertas Ordinarias have no beneficiary options, unlike Anualidades Vitalicias
  • Anualidades Ciertas Ordinarias have a fixed payment period, while Anualidades Vitalicias provide lifetime income (correct)
  • Anualidades Ciertas Ordinarias offer higher returns than Anualidades Vitalicias

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