Regarding annuities, you can either make one lump-sum payment to purchase a single-premium annuity or make ong

1: Regarding annuities, you can either make one lump-sum payment to purchase a single-premium annuity or make ongoing contributions to a flexible-payment annuity.


True


False








2: An immediate annuity is a financial vehicle that can provide guaranteed income for a short period of time only.


True


False








3: Your name, place of residence, and a brief description of your assets are typically part of what is included in a will.


True


False








4: Two of the most important items included in your will are naming a guardian for minor children and naming an executor.


True


False








5: A dying will is a separate document from your will that lets your family members know what type of care you do or don't want to receive should you become terminally ill or permanently unconscious.


True


False








6: It is generally a good idea to keep emergency items in a safe deposit box.


True


False








7: Does FDIC insurance cover the contents of a safety deposit box?


Yes


No|||1: Regarding annuities, you can either make one lump-sum payment to purchase a single-premium annuity or make ongoing contributions to a flexible-payment annuity.


True (one is called a Single Premium Deferred or Immediate Annuity, and the other is called a Flexible Premium Annuity)








2: An immediate annuity is a financial vehicle that can provide guaranteed income for a short period of time only.


False (An SPIA can provide income over years/decades)








3: Your name, place of residence, and a brief description of your assets are typically part of what is included in a will.


True (along with other things)





4: Two of the most important items included in your will are naming a guardian for minor children and naming an executor.


True





5: A dying will is a separate document from your will that lets your family members know what type of care you do or don't want to receive should you become terminally ill or permanently unconscious.


False (it's called a Living Will)





6: It is generally a good idea to keep emergency items in a safe deposit box.


False (if you die, no one can get to them until your will is probated unless someone has keys and is authorized for entry. If it's an emergency, you can only get to them during bank hours)





7: Does FDIC insurance cover the contents of a safety deposit box?


No