Group Life & AnnuitiesQuestion 114 of 315
A married couple wants lifetime income that continues to whichever spouse lives longer. Which annuity settlement option is the most common fit?
a.Straight life on the husband only
b.Single life with cash refund on the wife
c.Fixed period for 10 years
d.Joint and survivor
Explanation
Joint and survivor pays as long as either annuitant is alive, with the survivor commonly receiving 100%, 75%, or 50% of the original payment. It is the most common payout choice for married couples seeking lifetime income for both.
Law Reference: Cal. Ins. Code §10168.2Practice all 315 questions free — no signup required.
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Sen Lin, PrepPass Founder · Verified against California Life & Health Insurance License Exam · How we review
Reviewed by John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verify)