A pure life annuity settlement guarantees all proceeds and provides income for the annuitant's lifetime.
Pure Life Annuity Settlement Option:
A. It guarantees that all the proceeds will be paid out.
B. It provides the highest monthly benefit.
C. The beneficiary will receive a refund of the principal.
D. It guarantees income for a specified period of time.
In a pure life annuity settlement option, option A is true as it ensures all proceeds are paid out, while option C is false since it does not provide a refund of the principal. Option B may not always provide the highest monthly benefit, and option D is not fully accurate as it typically guarantees income for the annuitant's lifetime.
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