Vida Grupal y AnualidadesPregunta 438 de 716
The 'life with period certain' annuity payout option pays income:
a.Only for a fixed number of years and then stops, which describes a period certain only option that carries no lifetime guarantee at all
b.For the annuitant's life, but guarantees payments for at least a set number of years to a beneficiary if the annuitant dies early
c.Only until the original deposit is used up
d.To two annuitants for as long as either lives
Explicación
Life with period certain pays for the annuitant's entire life and also guarantees that, if the annuitant dies before a stated period (such as 10 or 20 years) ends, payments continue to a beneficiary for the rest of that period. It is not limited to a fixed number of years (that is period certain only), not simply paid until the deposit runs out, and not a two-life option (that is joint and survivor). The period-certain guarantee adds beneficiary protection to a life income.
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Preguntas relacionadas de este tema
- During the payout phase of a variable annuity, the number of annuity units is generally fixed, yet the payment amount varies because:
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- In an indexed annuity, the 'participation rate' determines:
- Under a 'cash refund' life annuity option, if the annuitant dies before receiving payments equal to the amount paid in, the beneficiary receives:
- A 'joint and survivor' annuity continues payments:
- Which annuity payout option provides the largest periodic income for a given amount of money?
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)