Question 6015 of 303 · California Life-Only Agent Exam

A life annuity with a 10-year period certain pays

Exactly one answer is correct.

Afor exactly 10 years, regardless of whether the annuitant survives
Bfor life, and at least 10 years if death comes sooner
Cfor the annuitant's life only if the annuitant lives past age 10
Dfor 10 years only if the annuitant is still alive at the end

Show solution

Correct answer to question 6015

B: for life, and at least 10 years if death comes sooner

Explanation

The period certain guarantees the number of payments. A beneficiary gets any remaining payments.