emily155385 emily155385

15-07-2024
Business

Answered

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

Answer :

GinnyAnswer GinnyAnswer

15-07-2024

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:

https://brainly.com/question/32562236

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