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Question 12 Your answer is correct. Marnie and John have a joint and survivor annuity. This means that the annuity pays a benefit until the

Question 12

Your answer is correct.

Marnie and John have a joint and survivor annuity. This means that

the annuity pays a benefit until the second spouse dies.

the annuity pays a double benefit for their entire lives.

the annuity pays a benefit until the first spouse dies.

only the beneficiaries receive a benefit after both Marnie and John die.

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