Question 1021 of 287 · Texas Life, Accident and Health Agent Exam
A life annuity with a 10-year period certain pays the annuitant for life. If the annuitant dies in year 4, the
Exactly one answer is correct.
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Correct answer to question 1021
- D: beneficiary receives the remaining guaranteed payments to year 10
Explanation
Period certain guarantees a minimum number of payments. If the annuitant dies early, the beneficiary receives the remaining certain payments.
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