Question 1020 of 287 · Texas Life, Accident and Health Agent Exam
Which annuity option provides income for as long as the annuitant lives, with nothing paid to a beneficiary after death?
Exactly one answer is correct.
You got of questions right. Here on the question pages nobody remembers which ones you got wrong. The trainer saves your progress and asks the mistakes again until they stick.
Or free: the 10 questions most people get wrong
Show solution
Correct answer to question 1020
- D: Straight life (life only)
Explanation
Life only pays the highest monthly amount because the insurer keeps any remaining value at death. Period certain and joint options trade lower payments for guarantees to others.
More questions: Life: Types of Policies
- 1021A life annuity with a 10-year period certain pays the annuitant for life. If the annuitant dies in year 4, the
- 1022Which annuity credits interest at a rate guaranteed by the insurer, with the insurer bearing the investment risk?
- 1023In a deferred annuity, annuity units are used in which kind of contract during the payout phase?
- 1024A joint life (first to die) policy pays the death benefit
- 1025Survivorship life (second to die) is most commonly used to
- 1026Which policy generally has the lowest initial premium for a given amount of coverage for a 30-year-old?