Multiple Choice
Which of the below statements is FALSE?
A) Structured settlements are fixed, guaranteed periodic payments over a long period of time, typically resulting from a settlement on a disability policy or other type of insurance policy.
B) The first major investment-oriented product developed by life insurance companies was the guaranteed investment contract (GIC) .
C) The "insurance wrapper" on the mutual fund that makes it an annuity can be of various forms with the most common "wrapper"being the guarantee by the insurance company that the annuity policyholder will get back no less that the amount invested in the annuity.
D) Insurance companies sell investment products such as GICs (which are "mutual funds in an insurance wrapper") and annuities (which are essentially zero coupon bonds) .
Correct Answer:
Verified
Correct Answer:
Verified
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