Doris and Arnold receive $450 per month under a joint and one-half survivor life insurance option. What would happen if Arnold were to die first after the payments have started?
A) Doris would have to select another settlement option.
B) Monthly payments of $225 would be made to Doris as long as she lived.
C) Doris would receive $450 per month as long as she lived.
D) The remaining proceeds would be paid to Doris in a lump sum."
Ans: B) Monthly payments of $225 would be made to Doris as long as she lived.
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