Which of the following statements about life income settlement options is (are) true?
I.Under a joint-and-survivor life income option, payments cease at the death of the first annuitant.
II.Under a life income with guaranteed period, a contingent beneficiary is guaranteed a minimum number of payments regardless of when the primary beneficiary dies.

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The Answer of Which of the following statements about life income settlement options is (are) true?
I.Under a joint-and-survivor life income option, payments cease at the death of the first annuitant.
II.Under a life income with guaranteed period, a contingent beneficiary is guaranteed a minimum number of payments regardless of when the primary beneficiary dies.

Which of the Following Statements About Life Income Settlement Options