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Anualidades Ciertas Ordinarias Quiz

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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

Anualidades Ciertas Ordinarias Quiz

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Questions and Answers

What is the defining characteristic of Anualidades Ciertas Ordinarias?

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

What distinguishes Anualidades Ciertas Ordinarias from Anualidades Vitalicias?

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