Question: A client recently annuitized his fixed annuity and selected a life annuity with a 1 5 - year period certain payout option. The income payments

A client recently annuitized his fixed annuity and selected a life annuity with a 15-year period certain payout option. The income payments from the annuity are currently $2,000 per month. If the client dies after receiving income payments for 10 years, which of the following statements is CORRECT?
A)
Income payments will continue to the beneficiary for five years; the amount of the payments will vary depending on the investment returns of the underlying subaccounts.
B)
Income payments of $2,000 per month will continue to the beneficiary for five years.
C)
Income payments of $2,000 per month will continue to the beneficiary for 15 years.
D)
Income payments will stop.

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