Which of the following settlement options does NOT guarantee that the entire principal will be paid out to the beneficiary?

A. Fixed-amount installments
B. Life income
C. Fixed-period installments
D. Lump-sum payment

Question

15-07-2024
Business

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Which of the following settlement options does NOT guarantee that the entire principal will be paid out to the beneficiary?

A. Fixed-amount installments
B. Life income
C. Fixed-period installments
D. Lump-sum payment

Sagot :

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GinnyAnswer GinnyAnswer · Answer 1 · 2024-07-15T16:41:21-04:00

Final answer:

Life income settlement option does not guarantee full principal payout to the beneficiary.

Explanation:

Life income settlement option does NOT guarantee that the entire principal will be paid out to the beneficiary. In this type of settlement, payments are made for the duration of the beneficiary's life, which may result in not receiving the entire principal amount.

Learn more about life insurance settlements here:

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Final answer:

Explanation:

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