which of the following settlements provides payments for 2 recipients for as long as they both live? a. life…

which of the following settlements provides payments for 2 recipients for as long as they both live? a. life with period certain b. joint and survivor c. joint life d. life only
Answer
Brief Explanations:
A life - with - period - certain option has a guaranteed payment period regardless of the life status of the recipients. A joint - life option stops payments upon the first death of the two recipients. A life - only option is for a single recipient. A joint and survivor option makes payments as long as either of the two recipients is alive, but payments for as long as both live is characteristic of a joint life settlement.
Answer:
C. Joint life