Comprehensive and Detailed Step by Step Explanation:
A “period certain” option ensures benefit payments are made for a set duration even if the annuitant dies before the end of the period.
Period certain (B)guarantees a minimum payment period to beneficiaries.
Cost recovery (A)andrefund options (C and D)relate to returning unused premiums or unpaid balances but do not ensure a minimum payout period.
[References: Maryland Annuity Regulations and Contract Features., ]
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