Have you ever struggled to answer the question “which of the following best describes fixed period settlement option” in relation to the concept of Insurance? There’s no need to worry about it anymore. This post contains the correct answer to your question.
Which of the following best describes fixed period settlement option
Options:
- A. Only the principal amount will be paid out within a specified period of time
- B. The death benefit must be paid out in a lump sum within a certain period time period
- C. Income is guaranteed for the life of the beneficiary
- D. Both the principal and interest will be liquidated over a selected period of time
The Correct Answer Is:
- D. Both the principal and interest will be liquidated over a selected period of time
Conclusion
The answer to your question “which of the following best describes fixed period settlement option” should now be clear for you. I appreciate you coming here to find the answer to your question and best wishes for your preparation related to various Insurance topics.