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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.


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Workers

Individuals employed by others or working on their own to earn a living through the provision of goods or services.

Identity

“The conception of the self reflexively and discursively understood by the self” (Kuhn, 2006, p. 1340); the story of the self that we tell to both ourselves and others.

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Relating to society or its organization, emphasizing the interactions and relationships among individuals within a community.

Fixed

Something that is set or determined without change; often refers to something that is stationary or has a permanent position.

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