人寿保单条款第 415 / 716 题
Under the 'interest only' settlement option, the insurer:
a.Retains the death benefit and pays the beneficiary the interest it earns, holding the principal for later
b.Guarantees payments for the beneficiary's entire lifetime
c.Pays equal installments until the proceeds are exhausted
d.Pays the entire death benefit to the beneficiary immediately in a single lump sum rather than holding any of the proceeds
解析
Under the interest only option, the insurer keeps the death benefit (principal) and periodically pays the beneficiary the interest it earns, with the principal paid out later according to the arrangement. Paying the full benefit at once is a lump-sum settlement. Equal installments until funds run out describe the fixed period or fixed amount options. Payments for life describe the life income option. Interest only is often used to preserve the principal while providing current income.
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同考点相关题目
- Under the 'extended term' nonforfeiture option, the policy's cash value is used to purchase:
- The dividend option that applies dividends to buy small amounts of additional permanent, paid-up coverage is called:
- Under the 'accumulation at interest' dividend option, the interest credited on the accumulated dividends is:
- The settlement option that pays equal installments for a chosen length of time until the proceeds and interest are used up is the:
- Under the fixed amount settlement option, the beneficiary receives:
- The 'life income' settlement option guarantees that payments will continue:
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审核人 John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — 核实)