question 48 of 60 this settlement option does not guarantee that the entire principal will be paid out to…

question 48 of 60 this settlement option does not guarantee that the entire principal will be paid out to the beneficiary: a. life income b. fixed - period installments c. lump - sum payment d. fixed - amount installments

question 48 of 60 this settlement option does not guarantee that the entire principal will be paid out to the beneficiary: a. life income b. fixed - period installments c. lump - sum payment d. fixed - amount installments

Answer

Brief Explanations:

Life income settlement option provides payments for the beneficiary's lifetime. The amount depends on factors like the principal, interest rate, and life - expectancy. There's no guarantee that the entire principal will be paid out as the payments stop at the beneficiary's death. Fixed - period installments pay over a set time, fixed - amount installments pay a set amount until principal and interest are exhausted, and lump - sum payment pays the whole amount at once, all of which in theory can distribute the entire principal.

Answer:

A. Life income