Which of the following benefits will provide payments for the employee's lifetime,as well as the spouse's lifetime?
A)Qualified first and survivor annuity.This is a distractor.
B)Qualified joint and survivor annuity.
C)Qualified life only annuity.This is a distractor.
D)Qualified required distribution annuity.This is a distractor.

Question

Quizplus · Accepted Answer

The only option that provides payments for both the employee's and spouse's lifetime is the qualified joint and survivor annuity. Option A is a distractor because it only provides payments for the employee's lifetime and the survivor's lifetime. Option C only provides payments for the employee's lifetime. Option D is also a distractor as it is not an annuity type that provides payments for the lifetime of the employee and their spouse.

Which of the Following Benefits Will Provide Payments for the Employee's