The Lump-Sum Payment Settlement Option Is the Least Used Option

question 133

True/False

The lump-sum payment settlement option is the least used option.

---

Definitions:

Cognitive Performance

Refers to the execution of tasks that require mental processes such as perception, memory, decision-making, and problem-solving.

Longevity

Length of an individual’s life.

Ambiguous Loss

A type of loss that occurs without closure or clear understanding, leading to unresolved grief or confusion.

Alzheimer Disease

A progressive neurological disorder that causes the brain to shrink and brain cells to die, resulting in severe memory loss and cognitive decline.