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The annuity settlement option that pays out the highest monthly income for as long as the annuitant lives, and leaves no residual value upon the annuitant's death, is the: a. Life Income with Refund Optionb.
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The annuity settlement option that pays out the highest monthly income for as long as the annuitant lives, and leaves no residual value upon the annuitant's death, is the:

a. Life Income with Refund Optionb. Life Income Joint and Survivor Optionc. Joint Life Optiond. Life Income Options

User Sundararajan KS
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2 Answers

4 votes

Answer:

Life Income Option

Step-by-step explanation:

User Ashoka
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3 votes

Answer:

Life Income Option

Step-by-step explanation:

Life Income option is also known as Straight-life annuity pays out the highest monthly income as long as the annuitant is lives and leaves no residual value upon the annuitant's death and so to avoid loss it better to chose an annuity with specific period because the annuitant can die early.

User Igor Pejic
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