INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-The [lump sum | life income] settlement option is the most commonly selected option.
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Question

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-The [lump sum | life income] settlement option is the most commonly selected option.
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Quizplus · Accepted Answer

The lump sum settlement option is the most commonly selected option because it provides the beneficiary with the entire death benefit amount at once, offering immediate access to the funds.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which