WebExample: Sam elects a straight-life annuity, and he receives $500 a month for the rest of his life. After Sam dies, Carol does not receive any benefits. Joint-and-Survivor Annuities A joint-and-survivor annuity provides a benefit for the rest of your life at an amount reduced from the straight-life WebExpert Answer. its relating to li …. An annuity pays a monthly amount for the remainder of the life. If death occurs before the principal is exhausted, the remaining amount will be paid to a designated beneficiary. Which payment option has this annuitant selected?
What is a Straight Life Annuity? Retirement Watch
WebONE straight existence annuity will offer an upper month your payment for a give rewards than life contingent annuity with a period certain or refunding aspect. To other words, the cost to a specified receipts payment (e.g., $100 period month) will be higher for ampere life contingent annuity with a period certain or refund main than for adenine straight life … WebIf the annuitant lives longer than expectant, then he gets more than he paid in, but if he dies earlier, then the insurance company keeps the balance of the principal. Refund Life Annuity This annuity guarantees that it will pay at least what the contract owner paid in premiums. fairway palms condo stuart
Straight Life Annuity Explained in Simple Terms - Due - Entrepreneur
WebIf an annuitant selects the straight life annuity settlement option, in order to receive all of the money out of the contract, it would be necessary to: Health at retirement A customer … WebIf death occurs before the principal is exhausted, the remaining amount will be paid to a designated beneficiary. Which payment option has this annuitant selected? (Choose from the following options) 1. Refund life 2. Life only 3. Straight life 4. Fixed-period installments Show transcribed image text Expert Answer 100% (1 rating) Webthe owner will receive the surrender value of the annuity Before he died, an annuitant had received $12,500 in monthly benefits from his $25,000 straight life annuity. He was also … fairway packing inc