All of the Following Statements About the Interest Settlement Option

Multiple Choice

All of the following statements about the interest settlement option are true EXCEPT

A) The minimum guaranteed interest rate is usually equal to the prime rate.
B) The interest can be paid monthly,quarterly,semiannually,or annually.
C) The beneficiary may be allowed to withdraw part or all of the proceeds.
D) The beneficiary may be allowed to change to another settlement option.