All of these statements about life insurance settlement options are false, except:
A. Fixed amount is the default option when no option is selected.
B. Life income payments are income tax free.
C. Life income with 10 years certain provides at least 120 months of payments.
D. Settlement options like fixed period are good ways to provide an income to a beneficiary who cannot handle large sums of money.
Ans: C. Life income with 10 years certain provides at least 120 months of payments.
Business
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