Supplementary Contracts May Be Issued by an Insurer Upon the Termination

question 206

Multiple Choice

Supplementary contracts may be issued by an insurer upon the termination of a life insurance contract that has been terminated by death, maturity, or surrender. The policyholder, if living or the beneficiary elects the option under which the proceeds are paid. The payment options usually available are:

• A) To receive a guaranteed fixed number of payments
• B) To receive payments of a certain amount until the proceeds are exhausted.
• C) To leave the proceeds with the insurer to earn interest with payment to be made at a later date.
• D) Any one out of these

---

Definitions:

Human Reason

The cognitive faculty of humans that enables them to think, understand, and form judgments by a process of logic.

Religious Enthusiasm

The intense and passionate expression of religious faith and belief, often associated with revival movements and personal spiritual commitment.

Traditional Territories

Areas that are historically inhabited or used by indigenous peoples or local communities, often recognized through customary laws rather than formal state systems.