To ensure you and your loved ones are getting the most of your life insurance policy, we recommend properly understanding your life insurance settlement options. The settlement option that pays a stated amount to an annuitant but provides no residual value to a beneficiary is the life income option. In a life income settlement, the.
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In a life annuity, the annuitant.
In this article, i’ll delve into the.
Pays a stated amount to the annuitant without residual value for beneficiaries. While some settlement options may offer flexibility or potential for growth, others provide the peace of mind that comes with a guaranteed, stated amount. A contingent beneficiary is designated to receive policy proceeds if the. Based on the options provided, the correct answer is life income.
Here’s the best way to solve it. Instead of receiving a lump sum payment, beneficiaries may choose among. Stops all payments upon the death of the annuitant. To help easily understand this we broke down the five major types of life insurance settlement payout options below:
Interest income (only) option 3 multiple choice options
The settlement option that pays a stated amount to an annuitant but no residual value to a beneficiary is the life annuity option. The answer to the question of which settlement option pays a stated amount to an annuitant is a life annuity. A life only annuity payout option makes no additional payments. The life income settlement option pays an annuitant a fixed amount but provides no residual value to beneficiaries.
Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary? #### final answer the correct settlement option that pays a stated amount to an annuitant, but no residual value to a. Life income settlements provide a specified amount to an annuitant with no residual value to beneficiaries. The fixed period option will pay out both an amount of principal plus interest to the beneficiary during a stated time frame.
A flashcard set that covers various topics related to life insurance, such as premiums, benefits, settlement options, taxes, and more.
A life annuity is a type of financial product that provides the beneficiaries with a. Study with quizlet and memorize flashcards containing terms like which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary, an immediate annuity. The answer to the query is that the. Settlement options are the various ways in which life insurance policy beneficiaries can receive death benefits.
