A factor that can be ignored when determining the cost of life ...

[P68T]

A factor that can be ignored when determining the cost of life insurance is
 
  A) time value of money.
  B) premiums paid.
  C) settlement options.
  D) dividends.

Question 2

Janet is the beneficiary of her uncle's 200,000 life insurance policy. When her uncle died, Janet selected a settlement option that pays monthly benefits for as long as she lives.
 
  If Janet dies before receiving 200,000, payments will continue to a contingent beneficiary until a total of 200,000 has been paid. What settlement option did Janet select?
  A) joint-and-survivor annuity
  B) life income with guaranteed total amount
  C) life income with guaranteed period
  D) fixed amount option

[ong527]

Answer to Question 1

Answer: C

Answer to Question 2

Answer: B

[P68T]

TYSM

[bitingbit]

Excellent