Which of the following best describes fixed-period settlement option? Both the principal and interest will be liquidated over a selected period of time.
Which of the following settlement options in life insurance is known as Straight life quizlet?
Which of the following settlement options in life insurance is known as straight life? Correct! The life-income option, also known as straight life, provides the recipient with an income that he or she cannot outlive.Chapter 3: quiz Flashcards – Quizletquizlet.com › Social Science › Business › InsuranceAbout Featured Snippets
How are settlement options paid quizlet?
The insurer pays the proceeds to the beneficiary. *The insurer pays the proceeds, either in a lump sum or under one of the other settlement options. The insurer keeps the interest, thus increasing the death benefit amount. The insurer pays the proceeds in a lump sum.Life Insurance settlement options Flashcards – Quizletquizlet.com › life-insurance-settlement-options-flash-cardsAbout Featured Snippets
What best describes fixed period settlement option?
Which of the following best describes fixed period settlement options? Both the principal and interest will be liquidated over a selected period of time. Under the fixed period option (also called period certain), a specified period of years is selected, and equal installments are paid to the recipient.life insurance Flashcards – Quizletquizlet.com › Social Science › Business › InsuranceAbout Featured Snippets
What is the purpose of a fixed period settlement option quizlet?
What is the purpose of a fixed-period settlement option? To provide a guaranteed income for a certain amount of time.Life Insurance Policy Provisions, Options, and Riders – Quizletquizlet.com › Social Science › Business › InsuranceAbout Featured Snippets
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Which of the following best describes fixed period settlement option
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Which of the Following Best Describes Fixed-period Settlement Option
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Which of the Following Best Describes Fixed-period Settlement Option
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Which of the Following Best Describes Fixed-period Settlement Option
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Which of the following best describes fixed-period settlement option …
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