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Portfolio Income Annuities $($PIA$)$ Assessment

Question $15$

Why would electing the Deferral Period Death Benefit $($DPDB$)$ on PDIA be important to a client when a Single Life income plan is also selected?

It provides lifetime income to the beneficiary upon the client's death.

Joint t $H_0,$ not Single Life, to required with the DPDB

It provides more flexibility on changing certain aspects of PDIA contract elections.

It provides the contract owner unlimited opportunities to change the dividend option.