Texas PLW 2026 Practice Test

Life Income (Pure or Straight) payments are guaranteed for the lifetime of the recipient and do what upon death?

Payments for a Fixed Term of Years Payments Guaranteed for Lifetime Cease on Death Payments Depend on Stock Market Payments Increase with Age of Recipient

Correct Answer:

Payments Guaranteed for Lifetime Cease on Death

Explanation:

A life income pure/straight annuity pays for the recipient’s lifetime and ceases on death. The defining feature is that payments continue while the person is alive, but there is no continuation or death benefit after death—no payments to a beneficiary and no guaranteed period beyond the annuitant’s life. That’s why it isn’t a fixed-term arrangement (which ends after a set number of years), not tied to stock market performance (that would be a variable annuity), and not designed to increase payments with age (different annuity types handle growth or survivor features).

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