What annuity payout option provides for lifetime payments to the annuitant but guarantees a certain minimum term of payments (typically 5, 10, or 20 years), whether or not the annuitant is living?

A) Period certain
B) Straight life income
C) Life with period certain
D) Installment refund option

Ans: C) Life with period certain

Business

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A value chain consists of both tangible and intangible product and service offerings

Indicate whether the statement is true or false

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