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:

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Governing Board

A group of individuals that exercises authority over and provides guidance for the management of an organization's policies, finances, and overall direction.

Collaborative Process

A method of working that involves two or more people or organizations working together to achieve a common goal.

CEO Succession Planning

The process of identifying and preparing suitable employees internally to replace the CEO in the event of retirement, resignation, or sudden departure.