Which one of the following life insurance settlement options pays a predetermined monthly benefit until...

The fixed amount installment option provides for a predetermined monthly benefit to the policy beneficiary. Payments continue until the principal (death benefit) and accumulated interest are fully paid out.

Fixed amount installment option (A): Ensures consistent payment amounts until the death benefit and interest are exhausted. This option is often used when beneficiaries want a steady income.

Accelerated endowment option (B): Not relevant as it refers to early payouts for policies reaching maturity.

Interest-only option (C): Only pays interest earned on the death benefit, leaving the principal untouched.

Fixed period installment option (D): Guarantees payments for a specific period, regardless of whether the principal or interest is depleted.