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.

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