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Questions and Answers
What is the defining characteristic of Anualidades Ciertas Ordinarias?
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?
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?
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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