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Unit 2 QQ 2I- Withdrawl Plans

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Question
Answer
Fixed Annuity; Fixed Dollar Annuity; Guaranteed Dollar Annuity   An insur contract in which the insur co makes fixed dollar payments to the annuitant for the term of the contract, usually until the annuitant dies. The insurace co guarantees both earnings and prinicpal.  
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Fixed-Percentage or Fixed-Share Plan   Either a fixed number of shares or a fixed percentage of the account is liquidated each period.  
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Fixed-Time Plan   Customers liquidated thier holdings over a fixed period of time.  
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