Which of the following is an allowable means of distributing your life insurance benefits upon your death?

Question

Quizplus · Accepted Answer

All of the above options are allowable means of distributing life insurance benefits, but the best choice(s) depends on the individual's specific needs and preferences. The fixed period option distributes the benefits over a fixed period of time, which could be useful if there are specific expenses or obligations that need to be covered over a certain period. The fixed income option provides a guaranteed income stream for a set period, which can provide stability and predictable income for beneficiaries. The life income option provides a lifelong income stream for the beneficiary, which could be useful for those who want to ensure a steady stream of income throughout their lifetime. The lump sum payment option provides the entire benefit amount to the beneficiaries all at once, which could be useful for those who want to use the funds for specific purposes or investments. Ultimately, the best choice depends on the individual's goals and preferences, as well as the needs and circumstances of their beneficiaries.

Which of the Following Is an Allowable Means of Distributing