Which of this following best defines fixed-period settlement choice? A) Only the main amount will soon be paid out inside a period that is specified of. B) The death benefit needs to be given out in a swelling amount inside a specific time frame. C) Income is guaranteed for the full life of this beneficiary. Which of this following best defines fixed-period settlement choice? Which associated with after is just a generic customer publication which explains life insurance coverage as a whole terms to be able to help the applicant when you look at the decision-making process? Buyer’s Guide. Research 77 life insurance coverage 3 flashcards from Lucas F. On StudyBlue. Which regarding the following best defines settlement option that is fixed-period? Every one of the after could own team term life insurance EXCEPT. Friends requiring life insurance that is low-cost. Study 83 Life Insurace flashcards from Lucas F. On StudyBlue. Study 83 Life Insurace flashcards from Lucas F. On StudyBlue. Which associated with the following best defines settlement option that is fixed-period? What is the function of a settlement option that is fixed-period? To. Which for the following best defines settlement option that is fixed-period? Both the main and interest will likely to be liquidated more than a chosen duration of the time the principal beneficiary of her husband’s life policy discovered that no settlement choice had been stated within the policy regarding the date of her spouse’s death.
Terms in this set the insurance policy shall end as soon as the loan quantity with interest equals or surpasses the money value. An insured stops payments that are making a loan obtained from their cash value. Exactly what will likely happen? Continue reading “Which of this following best defines fixed-period settlement choice?”