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Author Question: Which of the following is nota settlement option for life insurance? (Read 53 times)

jerry coleman

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Question 1

If you buy a term insurance policy with a conversion option, this means that you


◦ will get most of your premiums back if you terminate the policy before its expiration.
◦ can convert the policy to a larger term policy after one year.
◦ can convert your term policy to a whole life policy during the conversion period.
◦ will be able to change the term of your policy and automatically extend it.

Question 2

Which of the following is 
not a settlement option for life insurance?


◦ Lump-sum settlement
◦ Deferred-value settlement
◦ Installment payments settlement
◦ Interest payments settlement


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Marked as best answer by jerry coleman on Apr 14, 2019

dawsa925

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jerry coleman

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dawsa925

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Great! Please up vote :D



 

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