Business, 05.05.2020 18:15 Greekfreak
Stan paid an insurance company $50,000 for a fixed annuity when he was 50 years old. At age 62, Stan plans to begin to receive payments from the insurer. There are no guarantees on the number of payments he will receive. Based on the description provided, what happens if Stan dies at age 60?
A. Stan's beneficiary will receive nothing from the insurance company.
B. Stan's beneficiary will receive the investment income earned from age 50 to 62, but the insurance company will keep the $50,000 to supplement payments to other annuitants.
C. Stan's beneficiary will receive monthly payments until the $50.000 Stan paid is returned.
D. Stan's beneficiary will receive the $50,000 Stan paid and the insurance company will keep all the investment income earned from age 50 to 62.
Answers: 2
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