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Which contract offers flexible deposits, deferred taxation, a guaranteed minimum interest rate, and death proceeds equal to the cash value?
A flexible premium fixed annuity allows policyholders to make varying contributions while offering tax-deferred growth and a guaranteed minimum interest rate.
Flexible premium fixed annuity (C): Correct. Combines flexible payments with guaranteed returns and death proceeds equal to cash value.
Adjustable whole life (A): Involves fixed payments and lacks tax-deferred features.
Available deferred annuity (B): Vague and not specifically tied to these features.
Universal life (D): Provides death benefits but lacks guaranteed minimum interest rates.
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