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Payments made on a fixed annuity contract are withdrawn from the:_______

1 Answer

3 votes

Answer:

insurance company general account

Step-by-step explanation:

The insurance company general account is simply referred to as the account in which all the funds aside those exclusively defined to be separated, are deposited for the customary operation ( that is, to pay claims and benefits) of the insurance firm.

For example, funds such as premiums for life insurance, fixed annuities, assets in the fixed portfolios of variable annuities.

Hence, Payments made on a fixed annuity contract are withdrawn from the: Insurance company general account

answered
User Lesmana
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