All of the following are examples of annuities except a rece

All of the following are examples of annuities except:

            a.) receiving a lottery jackpot

            b.) investing in a 401-K account

            c.) receiving money from a structured settlement                 

            d.) putting money into a savings account

Solution

Option d is correct option beacuse in savings account a fixed payment in investment is done.
Others are incorrect beacuse.
a) In lottery the prize money can be in the form of lump sum or in the form of annuity.
b) Investing in 401_K account the employers pays fixed periodic payments which are before calculating taxes.
c) Structured settlement involves an insurance agreement or other agreement in which fixed periodic payments are given to the claimant.
All of the above 3 are examples of annuities.