The Settlement Option That Pays the Life Insurance Proceeds to the Beneficiary

question 25

Multiple Choice

The settlement option that pays the life insurance proceeds to the beneficiary for as long as she or he lives is called

• A) Lump-sum payment.
• B) Limited installment payment.
• C) Final life payment.
• D) Life income option.
• E) Proceeds left with the company.

---

Definitions:

Password

A secret word or phrase used to verify the identity of a user when gaining access to a particular computer system or service.

Mental Illness

A variety of psychological disorders characterized by their impact on an individual's emotions, cognition, and actions.

Release of Information

Release of Information is a process in healthcare or other industries that involves the authorized sharing of confidential or protected information with third parties.

Command Hallucinations

Auditory hallucinations where the individual hears voices commanding them to perform actions, sometimes dangerous, associated with certain psychiatric disorders.