Which of the Following Best Describes Fixed Period Settlement Option

Which of this following best defines fixed-period settlement choice. Which of the following best describes fixed-period settlement option.

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A beneficiary may opt to receive the benefits in specific amounts until all the benefits due plus interest earned on policy dividends is paid.

. Under the fixed period option also called period certain a specified period of years is selected and equal installments are. The insurer determines the amount for each payment C. Fixed settlement is when a home is sold and the buyer pays the seller the amount of the homes purchase price.

B The death advantage must certanly be given out in a lump sum in just a particular period of time. Which of the following best describes fixed-period settlement option. Which of the following policy components contains the companys promise to pay.

Both the principal and interest will be liquidated over a selected period of time. Of years is selected and equal installments are paid to the recipient. The death benefit must be paid out in a lump sum within a certain time period.

Both the principal and interest will be liquidated over a selected period of time. Which of the following best describes fixed period settlement option. All of the following statements are true regarding installments for a fixed period annuity settlement option EXCEPT A.

C Income is guaranteed for the full life regarding the beneficiary. Equal payments are made over a specific time frame selected by the annuitant eg. 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 of the following best describes fixed-period settlement option. Which of the following best describes fixed-period settlement option. What is a fixed period annuity settlement option.

Only the principal amount will be paid out within a specified period of time. Under the fixed period option also called period certain a specified period. C Income is guaranteed for the full life associated with beneficiary.

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. Fixed payment and fixed period. Both the principal and interest will be liquidated over a selected period of time.

Which of the following best describes fixed period settlement options. B The death advantage needs to be given out in a swelling amount within a time period that is certain. Answer choices Only the principal amount will be paid out within a specified period of time.

Also Know which of the following best describes fixed period settlement option. Both the principal and interest will be liquidated over a selected period of time. Which of the following best describes fixed period settlement options.

Home blog which of the following best describes fixed period settlement option. A Only the principal amount is likely to be given out in just a period that is specified of. Which of the following best describes fixed-period settlement option.

Both the principal and interest will be liquidated over a selected period of time. 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. Pure or straight life annuity settlement option will only pay for as long as the annuitant lives.

If an insured withdraws a portion of the face amount in the form of accelerated benefits because of a terminal illness how will that affect the payable death benefit from the policy. Its a life contingency option D. If a 55-year-old male beneficiary chooses the periodic certain settlement option with a 20-year period he receives 4620 per year for life or 20 years whichever is longer.

Both the principal and interest will be liquidated over a selected period of time. The shorter the period of time the larger each installment c. Which of the following best describes fixed period settlement option.

Five ten or twenty years. The longer the period chosen the lower the payment. It will pay the benefit only for a designated period of time.

An insured has a primary group health plan and an excess plan each covering losses up to 10000. 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. The periodic payment amount is determined by the beneficiarys age b.

Which for the following best defines settlement option that is fixed-period. Both the principal and the interest will be liquidated over a selected period of time. If the annuitant dies before the end of the.

The longer the period of time the smaller each installment. If the beneficiary dies after five years 23100 a secondary beneficiary receives 4620 for another 15 years. Which of the following best describes fixed period settlement options.

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. Under the fixed period option also called period certain a specified period of years is selected and equal installments are paid to the recipient.

The payments arent guaranteed for life B. Which of the following best describes fixed-period settlement option. 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 of the following statements about the installments for a fixed period settlement option in life insurance policies is NOT true. A Only the main amount is going to be given out within a period that is specified of. Which of the following best describes fixed-period settlement option.

Vinay Kumar - July 23 2021. There are two subtypes which of all the following best describes the fixed-period settlement option.

Annuity Payout Options Immediate Vs Deferred Annuities

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