Which of the Following Statements About Life Insurance Settlement Options

question 30

Multiple Choice

Which of the following statements about life insurance settlement options is true?

• A)Under the fixed period option,the beneficiary normally has the right to make partial withdrawals in case of emergency.
• B)Under the fixed period option,any remaining proceeds revert to the insurer if the beneficiary dies before the end of the fixed period.
• C)Under the fixed amount option,the beneficiary can be given the right to increase or decrease the fixed amount.
• D)Under the fixed amount option,any interest credited in excess of the guaranteed rate increases the amount of each periodic payment.

---

Definitions:

Behaviour

The actions or reactions of an entity (often a human) in response to external or internal stimuli.

Demeans

The act of causing a reduction in someone's dignity or standing, often through disrespectful or disparaging treatment.

Individual

Pertaining to a single person or entity, distinguished from a group or an aggregate.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature that can occur in the workplace or other professional or social situations.