Management Notes

Reference Notes for Management

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. You should know that a joint and survivor settlement guarantees income for two or more beneficiaries until their deaths if you are considering this option. Financial stability and protection in times of need are important considerations when making a decision. Beneficiaries can also receive survivorship benefits after their deaths to provide ongoing support.

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