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Which of the following is NOT true regarding the Life with Guaranteed Minimum annuity settlement option?A . The beneficiary receives the remainder of the principal

Which of the following is NOT true regarding the Life with Guaranteed Minimum annuity settlement option?A

.

The beneficiary receives the remainder of the principal amount upon the annuitant's death.B

.

It is a life contingency option.C

.

It does not guarantee that the entire principal amount will be paid out.D

.

Payments can be made in installments and as a single cash refund.

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