But unlike life income option, it enables you to continue having the proceeds distributed even if the primary beneficiary dies before the proceeds are exhausted. (mcmha.org)
As with the regular life income option, the portion of the income payment that is considered principal is not taxable. (termlife-insurance.com)
You may select one of the many life income options, or you may choose an income for a fixed amount or income for a fixed period. (lifeinsurancehub.org)