The face value of an insurance policy is never received by the beneficiary when the interest income settlement option is chosen.

Name: The face value of an insurance policy is never received by the beneficiary when the interest income settlement option is chosen.
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Question

Quizplus · Accepted Answer

When the interest income settlement option is chosen, the beneficiary receives only the interest earned on the policy's face value, not the face value itself.

The Face Value of an Insurance Policy Is Never Received