6 Life Insurance Settlement Options You Should Know · 1. Lump-sum payment · 2. Interest only · 3. Interest accumulation · 4. Fixed period · 6. Life income (also ...
Which of the following is not a life insurance settlement option?
Which of the following is NOT a life insurance settlement option? All of these are life insurance settlement option EXCEPT "Extended term option." When calculating life insurance premium rates, which component would an agent's commission fall under?
What are the 5 settlement options for life insurance?
There are four settlement options: interest only, fixed-period installments (period certain), fixed-amount installments and life income. An automatic premium loan is a policy loan provision.
Which one of the following is a life insurance settlement option?
What is Settlement Option. Definition: Under a settlement option, the maturity amount entitled to a life insurance policyholder is paid in structured periodic installments (up to a certain stipulated period of time post maturity) instead of a 'lump-sum' payout.