Multiple Choice
Which of the following statements about life income settlement options is (are) true?
I.Under a joint-and-survivor income option,payments cease at the death of the first annuitant.
II.Under a life income with guaranteed period,a contingent beneficiary is guaranteed a minimum number of payments regardless of when the primary beneficiary dies.
A) I only
B) II only
C) both I and II
D) neither I nor II
Correct Answer:
Verified
Correct Answer:
Verified
Q50: Which statement about the incontestable clause is
Q51: Which of the following statements is (are)true
Q52: Which of the following statements about the
Q53: All of the following statements about the
Q54: Amy purchased a life insurance policy with
Q56: Which of the following statements about accelerated
Q57: If a life insurance policy lapses for
Q58: Which of the following statements about life
Q59: Advantages of selecting the paid-up additions dividend
Q60: Janet is the beneficiary of her uncle's