Payment plans have several methods for death proceeds.In _____ method, there is even distribution of the proceeds over the life of the beneficiary, with continued distribution to his or her beneficiary at the same or reduced level.

Question

Quizplus · Accepted Answer

The joint life income method involves distributing the death proceeds evenly over the life of the beneficiary, and upon their death, the distribution continues to their beneficiary at the same or a reduced level. This ensures a steady income stream for the primary beneficiary and their successor.

Payment Plans Have Several Methods for Death Proceeds