Homework Answers
B: II only
I is true. A straight life income provides the insured income that cannot be outlived. It provides the largest amount of monthly income amongst all options. II is false. Lumpsum only is the most common settlement option chosen by more than 90% of people.
ANSWER :
Option : B. II only
Option I is true. Annuity is paid to the insured till he/she is alive. On death nothing is paid y]to anyone in straight life insurance.
Option II is false. Most policy takers opt for lump-sum option.
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