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Which of the following is not a life insurance settlement option


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.

What are settlement options?

Settlement options with a life contingency base payments on which of the following? The fixed amount option does not include a life contingency.


Which of the following is a life insurance policy’s settlement option? There are four alternatives for settlement: interest alone, fixed-period installments (determined time), fixed-amount installments, and life income. Automatic premium loan is a provision for policy loans. The interest only option leaves the principal with the insurer and pays the interest in installments to the recipient.




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    Who will select the settlement option in this case?

    Upon the death of the insured, the beneficiary will file a claim with the insurance company. At this point, the insurer will notify the beneficiary...

    What is surrender value?

    Surrender value is the amount that a policyholder receives from the life insurer when he or she decides to terminate a policy before its maturity p...


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