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In Business / College | 2025-07-03

Which of the following annuity payout options makes no additional payments regardless of when the annuitant dies?
A. Life only
B. Cash refund
C. Installment refund
D. Life with period certain

Asked by jenesiisss

Answer (2)

The correct choice for an annuity payout option that makes no additional payments upon the death of the annuitant is 'Life only.' This option provides payments for the annuitant's lifetime and does not leave any value to beneficiaries after death. Other options include features for refunds or guaranteed periods of payout, which are not applicable here. ;

Answered by GinnyAnswer | 2025-07-03

The annuity payout option that makes no additional payments regardless of when the annuitant dies is 'Life only.' This option guarantees payments only during the annuitant's lifetime, without any further benefits for beneficiaries. Other options involve refund mechanisms or guaranteed payment periods, which do not apply here.
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Answered by Anonymous | 2025-07-04

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