Settlement Options 2020
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Question 1 of 8
1. Question
Which of the following is NOT a life insurance death benefit settlement option?
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Question 2 of 8
2. Question
The amount received by the beneficiary is 100% tax-free for which of the following death benefit settlement options?
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Question 3 of 8
3. Question
Steve’s father died, and he is the beneficiary of a $250,000 death benefit. He wants to receive monthly interest on the $250,000 from the insurer and leave the principal amount with the insurer for now. He wants to receive the $250,000 later, when he has more need for it and a better understanding of what to do with the money. Which settlement option should he request from the insurer?
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Question 4 of 8
4. Question
Which is NOT true about the fixed-amount death benefit settlement option?
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Question 5 of 8
5. Question
Which of the following is NOT true regarding the life income death benefit settlement option?
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Question 6 of 8
6. Question
With the life income settlement option, the death benefit
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Question 7 of 8
7. Question
If the life income (life only) option is chosen as the life insurance settlement option, once the beneficiary dies,
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Question 8 of 8
8. Question
Which is NOT true regarding the fixed-period death benefit settlement option?
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