Every pension is a kind of annuity
Every annuity is also a pension
Pension and annuity are one and the same
Every pension is not an annuity
✅ The correct answer is A.
Every pension is a kind of annuity. Annuity is a fixed sum that you get every year to provide for pension.
Every pension is a kind of annuity. Annuity is a fixed sum that you get every year to provide for pension.