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:

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:


A. the annuitant's life, not to exceed 20 years

B. the annuitant's life, but if he dies before 20 years elapse, payments continue to his heir(s)

C. the life of the annuitant and then cease

D. 20 years to the annuitant or beneficiary



Answer: B.

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