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

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