For which of the following situations would a life income settlement using the joint-and-survivor option be suitable?

For which of the following situations would a life income settlement using the joint-and-survivor option be suitable?




A) The insured wants to make sure his wife receives income for life, but if she predeceases him, he wants his daughter to receive the money according to the settlement option she chooses.

B) The insured wants to split the proceeds equally between his son and daughter and wants to use the money to provide each with income for life.

C) The insured wants to use the proceeds to provide his son and daughter-in-law with income that will last as long as either is alive.

D) The insured wants to use the proceeds to fund a trust to provide financial protection for his children.



Answer: B) The insured wants to split the proceeds equally between his son and daughter and wants to use the money to provide each with income for life.

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