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A life annuity with a 10-year period certain:
Options
A) Will pay the annuitant for life and the beneficiary for 10 years after the death pf the annuitant.
B) Will pay the annuitant only for 120 months
C) Will pay the annuitant for 10 years and continue to pay the annuitant after 10 years, but the amount will be less
D) Is guaranteed to pay for minimum of 120 months either to the annuitant or beneficiary
Answer: D) Is guaranteed to pay for minimum of 120 months either to the annuitant or beneficiary
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