What Is It Called When an Insured Sells an Interest

question 44

Multiple Choice

What is it called when an insured sells an interest in the life insurance policy to an investor,who then becomes the policy's beneficiary?

• A) Participating policy
• B) Living benefit rider
• C) Viatical settlement
• D) Guaranteed purchase option
• E) None of the above

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Definitions:

Project Management

The practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria.

Analytical Approach

A method of problem solving that involves breaking down a system into its smallest parts and understanding how those parts relate to one another.

Bootstrap Tool

A statistical method or software tool used for estimating the sampling distribution of an estimator by resampling with replacement from the original data.

Crystal Ball

A metaphor often used to describe the unpredictability of future events or outcomes.