INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

Short Answer

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
With a life annuity, period certain, a payment will be made for a stated period of time [ only to the annuitant if he or she lives | to someone else if the annuitant dies ].