While life insurance may accumulate money that a person could use in retirement, none promise the same long term benefit of a non-qualified annuity, which is ____________.

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While life insurance may accumulate money that a person could use in retirement, none promise the same long term benefit of a non-qualified annuity, which is ____________.

A

Tax-deferred growth of principal

B

Tax-free payments for the lifetime of a beneficiary

C

Tax-free money for college education or other qualified expenses

D

A stream of income the annuitant cannot outlive

Answer: D

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