A factor that can be ignored when determining the cost of life insurance is

Question

Quizplus · Accepted Answer

Settlement options refer to how the benefits of a life insurance policy are paid out to beneficiaries, which does not directly affect the cost of obtaining life insurance. The cost is primarily determined by factors such as the insured's age, health, the policy's face value, and the type of insurance purchased, rather than how the benefits are eventually distributed.

A Factor That Can Be Ignored When Determining the Cost