Which of the Following Best Describes Fixed-period Settlement Option

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. A Only the main amount is going to be given out within a period that is specified of.

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Which of the following best describes fixed period settlement options.

. Also Know which of the following best describes fixed period settlement option. Which of the following statements about the installments for a fixed period settlement option in life insurance policies is NOT true. Which of the following best describes fixed period settlement options.

C Income is guaranteed for the full life regarding the beneficiary. Such a payout needs to be intimated to the insurer in advance by the insured. Which of the following best describes fixed period settlement option.

The longer the period of time the smaller each installment. Which of the following best describes fixed period settlement option. Which of the following determines the length of time that benefits will be received under the Fixed-Amount settlement option.

All of the following statements are true regarding installments for a fixed period annuity settlement option EXCEPT Fixed An applicant wants to buy a life insurance policy in which he can count on receiving the same benefits as stated in the contract. A Both the principal and interest will be liquidated over a selected period of time. Also Know which of the following best describes fixed period settlement option.

Predetermined length of time stated in the contract. Size of each installment. Both the principal and interest will be liquidated over a selected period of time.

Which type of cost occurs when an individual pays for a piano lesson instead of going to a movie. Which of the following best describes fixed period settlement option. C Income is guaranteed for the full life associated with beneficiary.

A Only the principal amount is likely to be given out in just a period that is specified of. Answer choices Only the principal amount will be paid out within a specified period of time. Which of the following best describes fixed-period settlement option.

B The death advantage needs to be given out in a swelling amount within a time period that is certain. What Is True About Fixed Period And Fixed Amount Settlement Options The four most common alternative settlement approaches are. Of years is selected and equal installments are paid to the recipient.

Fixed settlement is when a home is sold and the buyer pays the seller the amount of the homes purchase price. Under the fixed-period option also called period certain a specified period of years is selected and equal installments are. There are two subtypes which of all the following best describes the fixed-period settlement option.

B The death advantage must certanly be given out in a lump sum in just a particular period of time. Both the principal and interest will be liquidated over a selected period of time. Which of the following best describes fixed-period settlement option.

Home blog which of the following best describes fixed period settlement option. The shorter the period of time the larger each installment c. Under the fixed period option also called period certain a specified period of years is selected and equal installments are paid to the recipient.

Which is most responsible. Which of the following best describes fixed-period settlement option. Amount of interest.

The interest option under which the insurer holds the proceeds and pays interest to the beneficiary until such time as the beneficiary withdraws the principal the fixed period option under which the future value of the proceeds. Which of the following best describes fixed-period settlement option. Under the fixed period option also called period certain a specified period.

Which of this following best defines fixed-period settlement choice. Which type of credit involves a set limit based on what a consumer pays up front. Which of the following statements best describes north americas population settlement pattern.

Vinay Kumar - July 23 2021. B The death advantage needs to be given out in a swelling amount within a time period that is certain. Which of the following best describes fixed-period settlement option.

The surviving beneficiary will continue receiving 23 of the benefit paid when both beneficiaries were alive An insured has chosen a 23 survivor as the settlement option. Both the principal and interest will be liquidated over a selected period of time. Both the principal and interest will be liquidated over a selected period of time.

If a settlement option is not chosen by the beneficiary or policy owner which option will be used. Both the principal and interest will be liquidated over a selected period of time The primary beneficiary of her husbands life policy found that no settlement option was stated in. Which for the following best defines settlement option that is fixed-period.

The periodic payment amount is determined by the beneficiarys age b.

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Policy Provisions Options And Other Features Flashcards Chegg Com

Policy Provisions Options And Other Features Flashcards Chegg Com