Which type of settlement option pays for over a predetermined time frame?
A) Lump sum
B) Interest only
C) Lifetime income
D) Fixed period
E) Fixed amount

Question

Quizplus · Accepted Answer

A fixed period settlement option pays out funds over a predetermined time frame. This can be a good choice for individuals who need regular payments over a set period, such as to cover expenses or pay off debt. This option can also be combined with other settlement options, such as a lump sum payment followed by a fixed period payment schedule.

Which Type of Settlement Option Pays for Over a Predetermined