Question: 5-year period certain Question 17 (2 points) Norris is the primary beneficiary of a life insurance policy. He dies after receiving $275 per month for

5-year period certain Question 17 (2 points) Norris is the primary beneficiary of a life insurance policy. He dies after receiving $275 per month for 6 years, under a 10-year period certain income option. His son, Neil, is the secondary beneficiary. Which of the following statements pertaining to this situation is CORRECT? ONeil will receive nothing, since Norris did not survive the 10-year period certain. Neil will receive income checks in the same amount as his father for 4 years. Neil will receive $275 per month for as long as he lives. ONeil will receive a lump-sum payment of $13,200. !o OX F5 94

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