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Question #20 of 40 Question ID: Bryson has been receiving payouts from his deferred annuity under a 20-year term certain option. Now that he has

image text in transcribed Question \#20 of 40 Question ID: Bryson has been receiving payouts from his deferred annuity under a 20-year term certain option. Now that he has remarried, he wishes to change to a joint and survivor payout method. Which statement correctly describes his options? A) Because Bryson selected a payout option and has been receiving income payments, he cannot change the way benefits are paid. B) Bryson can change the payout method only if he is under age 65 . C) Bryson can change the payout method but must pay a penalty tax. D) Bryson can change the payout method only if his wife gives her written consent

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