Life income joint and survivor settlement option guarantees

Life income joint and survivor settlement option guarantees

Life income joint and survivor settlement option guarantees

Options:

a) Income for 2 or more recipients until they die.
b) Payment of interest on death proceeds.
c) Payout of the entire death benefit.
d) Equal payments to all recipients.

The Correct Answer Is:

  • a) Income for 2 or more recipients until they die.

Life income joint and survivor settlement option guarantees income for 2 or more recipients until they die. If you are considering a life income joint and survivor settlement option, it is important to know that this type of settlement guarantees income for 2 or more recipients until they die. This is an important consideration when making a decision because it can provide financial stability and protection in times of need. Additionally, the survivorship benefits can provide ongoing support for the beneficiaries after their death.

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