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The Mortality Guarantee of a Variable Annuity Contract

Question 288

Multiple Choice

The mortality guarantee of a variable annuity contract:


A) guarantees a fixed death benefit amount will paid to your beneficiaries upon your death.
B) guarantees that you can receive a monthly check of a specified amount as long as you live.
C) guarantees that both you and a person you specify as your beneficiary will continue to receive payments as long as one of the two of you is alive.
D) None of the above is a true statement about the mortality guarantee of a variable annuity contract.

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