Under a variable, fixed-period annuitization option in an annuity, the insurer A)...
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Under a variable, fixedperiod annuitization option in an annuity, the insurer A guarantees that if the recipient dies before receiving the full amount of original proceeds, the difference will be paid to a contingent beneficiary. B pays policy proceeds in a predetermined number of payments with only the amount varying, depending on interest earned. C pays a predetermined amount in installments only until the policy proceeds, including principal and interest, are exhausted. D guarantees that installment payments will continue as long as the recipient lives, but not beyond that point.
Under a variable, fixedperiod annuitization option in an annuity, the insurer
A
guarantees that if the recipient dies before receiving the full amount of original proceeds, the difference will be paid to a contingent beneficiary.
B
pays policy proceeds in a predetermined number of payments with only the amount varying, depending on interest earned.
C
pays a predetermined amount in installments only until the policy proceeds, including principal and interest, are exhausted.
D
guarantees that installment payments will continue as long as the recipient lives, but not beyond that point.
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