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Which settlement option provides a single beneficiary with income for the rest of his/her life?A. Single lifeB. Fixed amountC. Lump sumD. Retained assets
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Which settlement option provides a single beneficiary with income for the rest of his/her life?A. Single lifeB. Fixed amountC. Lump sumD. Retained assets

User Sagneta
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1 Answer

4 votes

Answer:

life income

Step-by-step explanation:

The life income option allows the beneficiary to receive payments for the rest of his/her life. The insurance company generally determines the amount it will hand out every year (or other specified period of time) based on the total benefits, and the age and gender of the beneficiary. The life income option is very similar to a life annuity.

User Vasiliy Sharapov
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