In the settlement of policy proceeds under an installment option,each payment includes (where principle equals proceeds at the date of death)

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The installment option allows the beneficiary to receive the policy proceeds in a series of payments instead of a lump sum. Each payment under this option typically includes both principal (the amount of the policy) and interest (which is earned on the outstanding balance of the policy). Therefore, choice D - Principle and Interest - is the best option.

In the Settlement of Policy Proceeds Under an Installment Option,each