Which of the following statements is (are) true with respect to a join
Which of the following statements is (are) true with respect to a joint-and-survivor annuity? I. Some joint-and-survivor annuities reduce the income payment after the first annuitant dies. II. No payments are made after the first annuitant dies.
A) I only
B) II only
C) both I and II
D) neither I nor II
ANSWER
Answer: A
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