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AzJose AzJose
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6 years ago
Which of the following statements about life income settlement options is (are) true?
I.   Under a joint-and-survivor life 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
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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Toni_AnnetteToni_Annette
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6 years ago
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AzJose Author
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#2
5 years ago
Thanks!
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