The Most Widely Used Settlement Option for a Life Insurance

question 44

True/False

The most widely used settlement option for a life insurance program is the lump-sum payment.

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Definitions:

Operant Conditioning

A method of learning that uses rewards and punishments to influence behavior, introduced by B.F. Skinner, emphasizing the role of reinforcement and consequences.

Consequences Of Response

The outcomes or results that follow from the actions or reactions of an individual or system.

Token Economy

A behavioral therapy method where desirable behaviors are reinforced with tokens that can be exchanged for rewards.

Old Behavior

Pre-established patterns of action that are familiar to an individual but may no longer be effective or desirable.