CRPC question
JIn 2017, Martha began receiving lifetime income from her annuity contract under the single life annuity with 10-year period certain option. She had been receiving $1,000 per month before she died. Which one of the following statements is correct regarding payments to her beneficiary?
A)
There are no remaining payments to be made to a beneficiary.
B)
Martha's beneficiary will receive $1,000 per month for life.
C)
Martha's beneficiary will receive $1,000 per month until the policy anniversary in 2027.
D)
Martha's beneficiary will receive $500 per month until 2027.