Which is an annuity benefit option that provides payments to a survivor for the remainder of a guaranteed period?

Rationale

Life annuity certain

Life annuity certain guarantees payments for a specified period, with the option to continue payments to a survivor if the annuitant passes away within that period.

A (life annuity certain) CORRECT

This option ensures payments for a fixed period, even if the annuitant dies before the period ends. If the annuitant passes away, the payments continue to a survivor for the remainder of the guaranteed period.

B (temporary annuity certain) YOUR ANSWER

Temporary annuity certain provides payments for a specified period, but if the annuitant dies before this period ends, the payments cease and do not continue to a survivor.

C (refund life annuity) YOUR ANSWER

Refund life annuity guarantees that if the annuitant dies before receiving total payments equal to the purchase price, the balance is refunded to a designated beneficiary.

D (pure life) YOUR ANSWER

Pure life annuity offers payments until the annuitant's death, with no provision for continued payments to a survivor or beneficiary after the annuitant's passing.

Conclusion

Among the annuity benefit options, a life annuity certain stands out for providing payments for a specified period and offering the survivor the benefit of continued payments for the remainder of that guaranteed timeframe in the event of the annuitant's death. This feature adds a layer of financial security and continuity for the annuitant and their loved ones.

Which is an annuity benefit option that provides payments to a survivor for the remainder of a guaranteed period?

Life annuity certain

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