Which of the Following Statements About Life Income Settlement Options

question 54

Multiple Choice

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

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Definitions:

Clinical psychologist

A professional specializing in diagnosing and treating mental, emotional, and behavioral disorders through psychological techniques.

School psychologist

A professional who works within educational settings to support the mental health, learning, and behavior of students.

Major depressive disorder

A mental disorder characterized by at least two weeks of pervasive sadness or loss of interest in nearly all activities, accompanied by additional symptoms such as changes in sleep, appetite, energy level, concentration, daily behavior, or self-esteem.

Self-fulfilling prophecy

A belief or expectation that an individual or group holds about a future event that manifests because the individual believes it to be true.