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19 December, 01:26

All of the following are true regarding annuities, except: A They are similar to life insurance B They are designed to protect against outliving one's income C They can liquidate an estate D They are used primarily to provide a steady stream of income

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  1. 19 December, 01:38
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    Answer:They can liquidate an estate.

    Explanation: Annuities are contracts between a person and an insurance company following a future endeavors, the future endeavors can include lifetime income, future projects etc. Annuities are contracts which have been around for a long time now, they are similar to life insurance. Annuities can not liquidate estates, they are protected against outliving a person's income.

    Annuities became very popular during the great depression in the United States of America, when the value of stocks dropped drastically.
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