Beth, age 50, the beneficiary of her late husband’s life insurance policy, has elected to receive the proceeds in monthly installments over the next 5 years. Due to the insurer’s interest earnings, Beth notices that the amount of the payments is often more than what she was guaranteed. What kind of settlement option did Beth select?

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Beth, age 50, the beneficiary of her late husband’s life insurance policy, has elected to receive the proceeds in monthly installments over the next 5 years. Due to the insurer’s interest earnings, Beth notices that the amount of the payments is often more than what she was guaranteed. What kind of settlement option did Beth select?

A) Fixed-amount.

B) Fixed-period.

C) Cash value.

D) Life-income.

Answer: B) Fixed-period.

The above question Beth, age 50, the beneficiary of her late husband’s life insurance policy, has elected to receive the proceeds in monthly installments over the next 5 years. Due to the insurer’s interest earnings, Beth notices that the amount of the payments is often more than what she was guaranteed. What kind of settlement option did Beth select?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.