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 year period certain payout option. The income payments from the annuity are currently $ per month. If the client dies after receiving income payments for 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 $ per month will continue to the beneficiary for five years.
C
Income payments of $ per month will continue to the beneficiary for years.
D
Income payments will stop.
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