The annuity settlement option that pays out the highest monthly income for as long as the annuitant lives, and leaves no residua

Question

3 years ago

5

The annuity settlement option that pays out the highest monthly income for as long as the annuitant lives, and leaves no residua

l value upon the annuitant's death, is the:
a. Life Income with Refund Optionb. Life Income Joint and Survivor Optionc. Joint Life Optiond. Life Income Options

Business

2 answers:

Vlada [557] · Answer 1 · 2022-04-19T15:57:02+03:00

Answer:

Life Income Option

Explanation:

Life Income option is also known as Straight-life annuity pays out the highest monthly income as long as the annuitant is lives and leaves no residual value upon the annuitant's death and so to avoid loss it better to chose an annuity with specific period because the annuitant can die early.

kondaur [170] · Answer 2 · 2022-04-19T17:44:17+03:00

kondaur [170]3 years ago

6 0

Answer:

<h2>Life Income Option</h2>

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Explanation: