Ask Question
BusinessBusiness
25 January, 23:07

Which life insurance settlement option guarantees payments for the lifetime of the recipient, but also specifies a guaranteed period, during which, if the original recipient dies, the payments will continue to a designated beneficiary?

+1
Answers (1)
  1. 26 January, 02:47
    0
    Life income with certain period annuity

    Explanation:

    This type of policy guarantees a certain amount of money during the remaining life of the insured. It also guarantees that during a minimum specified time, the certain period, the payments will be carried out even if the insured dies. In this case the benefits will be paid to his/her beneficiary. The insured determines the certain period when choosing the life insurance plan, and the certain period can vary from 5 to 30 years.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Which life insurance settlement option guarantees payments for the lifetime of the recipient, but also specifies a guaranteed period, ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Adrian contributed an antique vase she had owned for 25 years to a museum. At the time of the donation, the vase had a value of $35,000. The museum displayed this vase in the art gallery.
Answers (1)
Who is the vice president
Answers (1)
What schools, parents and young people/learners can do to prevent alcohol and drug abuse amongst youth.
Answers (1)
To construct the consumer price index, the bureau of labor statistics must:
Answers (1)
ABC Corporation issued $100,000 of 10%, 5-year bonds on January 1, 2018, for $92,280. The market interest rate when the bonds were issued was 12%. Interest is paid semi-annually on January 1 and July 1.
Answers (1)
New Questions in Business
The supply function ps (x) for a commodity gives the relation between the selling price and the number of units that manufacturers will produce at that price.
Answers (1)
On July 1, 2020, Whispering Co. pays $13,620 to Metlock Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending December 31. For Whispering Co., journalize the entry on July 1 and the adjusting entry on December 31.
Answers (1)
Have you ever had an experience where you were not fully aware of what you were purchasing or service you were agreeing to?
Answers (1)
Concord Sports sells volleyball kits that it purchases from a sports equipment distributor. The following static budget based on sales of 1,820 kits was prepared for the year.
Answers (1)
What is the major advantage of an LLP? a. It limits the personal liability of partners to only their own wrongful acts. b. It increases the liability of the partners. c. It allows the partnership to be taxed as a corporation.
Answers (1)
Home » Business » Which life insurance settlement option guarantees payments for the lifetime of the recipient, but also specifies a guaranteed period, during which, if the original recipient dies, the payments will continue to a designated beneficiary?
Sign Up Forgot Password?