Which of the following statements is (are)true concerning settlement options?
I.A straight life annuity provides the lowest amount of periodic income of all the life income options.
II.Fixed-period and fixed-amount are life income options.

Question

Quizplus · Accepted Answer

I is false because a straight life annuity typically offers the highest amount of periodic income since payments cease upon the annuitant's death, with no benefits to survivors. II is false because fixed-period and fixed-amount options are not life income options; they are determined by a specific period or amount, not the lifetime of the annuitant.

Which of the Following Statements Is (Are)true Concerning Settlement Options