a married couple wants to make sure that their retirement annuity provides monthly benefits for the rest of…
a married couple wants to make sure that their retirement annuity provides monthly benefits for the rest of their lives. when one of them dies, the other would still like to continue receiving benefits. which settlement option should they choose? a. life with period certain b. straight life c. joint and survivor d. joint life
Answer
Brief Explanations:
The joint - and - survivor annuity option provides for payments to continue to the surviving spouse when one of the married couple dies. Life with period certain only guarantees payments for a specific period regardless of death. Straight life payments stop at death. Joint life payments stop when the first person dies.
Answer:
C. Joint and survivor