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18 December, 07:05

Y just received an inheritance and instead of spending the money right now, decides to put it away for the future. What annuity premium funding would be best in this situation?

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  1. 18 December, 07:34
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    Single.

    Explanation:

    An annuity is a policy insurance where the investment guarantees with a rate of return and it is tax deferred also.

    In the context, Y decides to invest the money that he received as inheritance instead of spending it. Thus Y should invest in single premium funding because the single premium would ensure a tax deferred interest in the future.
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