Ask Question
19 May, 06:14

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

+4
Answers (1)
  1. 19 May, 06:25
    0
    Life Income Option

    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The annuity settlement option that pays out the highest monthly income for as long as the annuitant lives, and leaves no residual value ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers