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Q.

Which of the following is an example of an annuity contingent?

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a

House loan

b

Daughter's marriage

c

Car loan

d

all of the above.

answer is C.

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Detailed Solution

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Daughter′sMarriage is an example of an annuity contingent. 

An annuity contingent is an annuity arrangement in which the beneficiary does not begin receiving payments until a specified event occurs.

A contingent annuity may be set up to begin sending payments to a beneficiary upon the death of another individual who wishes to ensure financial stability for the beneficiary or upon retirement or disablement of the beneficiary.

Car loan and House loan is not an example of annuity contingent, it's an example of annuity certain.

 

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