AnnuitiesDifficulty 1/5The primary purpose of an annuity is to:ACreate an immediate death benefit for the owner's heirsBLiquidate a principal sum by converting accumulated funds into an income streamCProvide tax-free long-term care coverageDAccumulate funds on a completely tax-free basisSelect an option to reveal the answer and the full 3-part explanation — free, no signup.Spotted an error in this question? Report it →