All of the following statements are true regarding installments for a fixed amount EXCEPT

All of the following statements are true regarding installments for a fixed amount EXCEPT


A. This option pays a specific amount until the funds are exhausted

B. The annuitant may select how big the payments will be

C. The payments will stop when the annuitant dies

D. Value of the account and future earnings will determine the time period for the benefits


Answer: C. The payments will stop when the annuitant dies

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