A customer buys a variable annuity and elects a payout option of Life Income with a 20 year period certain. This means that payments will continue for:
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Ответ:
the annuitant's life, but if he dies before 20 years elapse, payments continue to his heir(s)
Explanation:
An annuity life payment is a financial option that continues until the annuitant dies. a lump sum payment is made by this annuitant which he uses in securing a payout option of Life Income with a 20 year period certain . This annuity would continues for as long as the customer or annuitant is alive, but if he dies before that certain period, Someone else, that is a beneficiary or heir would be entitled to the payment until that period of 20 years elapses.
Ответ:
Explanation:
Well if the person doesnt know the answer , then none of them will answer the quation. Until someone knows the answer , the question will be blank. if the question is not answered for a long time then the question will be deleted eventually by the moderators.
Hope this helps :)