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san002
General information
| Question text: | Suppose that you own an annuity that promises to pay $^FL_amount each year for the rest of your life.
Suppose that the stock market decreases by ^san001_randomizer next year. We are now interested in the percent chance that during this next year the annuity becomes worthless due to no fault of your own. This means that the annuity permanently stops making payments. This might occur if the insurance company goes out of business, they claim you violated a clause in the contract, or they ruled the policy void for some other reason. What is the percent chance this occurs? |
| Answer type: | Slider |
| Label: | probability annuity worthless |
| Empty allowed: | One-time warning |
| Error allowed: | Not allowed |
| Multiple instances: | No |