Settlement options for life insurance proceeds include all of the following except

Name: Settlement options for life insurance proceeds include all of the following except
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Additional paid-up insurance is not a settlement option for life insurance proceeds. Settlement options typically involve how the beneficiary receives the death benefit, such as in a lump sum, as interest income, or as income for a specific period, but do not include purchasing additional insurance.

Settlement Options for Life Insurance Proceeds Include All of the Following