The settlement option in which the company acts as trustee and pays interest to the beneficiary is called

Name: The settlement option in which the company acts as trustee and pays interest to the beneficiary is called
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Question

Quizplus · Accepted Answer

The "Proceeds left with the company" option involves the insurance company acting as a trustee, where the death benefit proceeds are retained by the company, and it pays interest to the beneficiaries. This allows the beneficiaries to earn interest on the death benefit over time.

The Settlement Option in Which the Company Acts as Trustee