L&HMAmedium
Which Massachusetts life insurance settlement option pays a guaranteed income for the beneficiary's lifetime with no period-certain guarantee?
AFixed-period option
BFixed-amount option
CInterest-only option
Pure life income (straight life) option
Why this is the answer
Among standard MA settlement options, the pure (straight) life income option pays the largest periodic amount but ceases at the beneficiary's death with no refund or guarantee, so early death forfeits the remaining proceeds.
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