Ask Question
24 September, 09:10

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?

+4
Answers (1)
  1. 24 September, 10:03
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers