Suppose that your husband was killed in a bank robbery.Which of the following is not one of the typical settlement options that would be available?

Question

Quizplus · Accepted Answer

Conversion of spousal insurance is not a typical settlement option for a payout from a policy or account due to death. Settlement options usually include installment payments, interest-only payments, lump-sum payments, and life annuities, which are ways the beneficiary can choose to receive the death benefit. Conversion of spousal insurance refers to changing a spousal policy into individual coverage, not a method of payout.

Suppose That Your Husband Was Killed in a Bank Robbery