The Type Of Settlement Option Which Pays Throughout The Lifetimes

Rabu, 05 Oktober 2022

The Type Of Settlement Option Which Pays Throughout The Lifetimes

NEWS VANESSA Oktober 05, 2022 Comment

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Which life insurance settlement option guarantees payments for the lifetime of the recipient, but also specifies a guaranteed period, during which, if the original recipient dies, the payments will continue to a designated beneficiary? The type of settlement option which pays throughout the lifetimes of two or more beneficiaries is called. What type of insurance policy may be used to fund this agreement? When a producer died, his surviving spouse needed to maintain the insurance agency until it could be sold.

All of the following statements are true. The type of settlement option which pays throughout the lifetimes of two or more beneficiaries is called. To purchase a smaller amount of the same type of insurance as the original policy. He chose the life income settlement option. The amount of payments will be determined by taking into account all of the following except. What type of settlement option which pays throughout the lifetimes of two or more beneficiaries is called joint and survivor if an insured receives accelerated death benefits, what is the least amount of the original death benefit that the beneficiary would receive after the insured's death? The type of settlement option which pays throughout the lifetimes of two or more beneficiaries is called. If a settlement option is not chosen by the beneficiary or policy owner which option will be used. The paid up addition options uses the dividend.