Disposiciones de Pólizas de VidaPregunta 417 de 716
Under the fixed amount settlement option, the beneficiary receives:
a.A chosen dollar amount per payment until the proceeds and interest are fully used up
b.The entire benefit in one single payment
c.Only the interest the proceeds earn each year
d.Guaranteed payments of a set amount each month for the rest of the beneficiary's lifetime
Explicación
With the fixed amount option, the beneficiary (or owner) selects the dollar amount of each installment, and payments of that amount continue until the proceeds plus interest are exhausted, so the number of payments varies. Lifetime payments describe the life income option. Interest-only payments describe the interest only option. A single payment is a lump sum. Fixed amount fixes the payment size and lets the duration float, the mirror image of the fixed period option.
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Preguntas relacionadas de este tema
- Under the 'accumulation at interest' dividend option, the interest credited on the accumulated dividends is:
- Under the 'interest only' settlement option, the insurer:
- The settlement option that pays equal installments for a chosen length of time until the proceeds and interest are used up is the:
- The 'life income' settlement option guarantees that payments will continue:
- A contingent (secondary) beneficiary receives the death benefit:
- To change an irrevocable beneficiary designation, the policyowner must:
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Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)