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1 July, 16:53

Which of the following annuity payment options will continue payments to another person for their life after the annuitant dies? A. Life AnnuityB. Life Annuity with Period CertainC. Joint and Last Survivor AnnuityD. Unit Refund Annuity

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  1. 1 July, 19:15
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    Answer: Joint and Last Survivor Annuity

    Explanation:

    An annuity is a form of regular payment made by an insurance company to an individual with their coverage, starting from a specific time (could be retirement) to end at a specific time (death of the client).

    A joint and last survivor annuity is a form of annuity, where a spouse is paid even after the death of the other spouse receiving the annuity initially.
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Home » Business » Which of the following annuity payment options will continue payments to another person for their life after the annuitant dies? A. Life AnnuityB. Life Annuity with Period CertainC. Joint and Last Survivor AnnuityD. Unit Refund Annuity
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