Relacionar Columnas Risk Chp. 12 pt. 3Versión en línea Risk Chp. 12 pt. 3 por Ryan Brown 1 Fixed-amount (income for elected amount) option 2 Settlement Options 3 Extended Term Insurance Option 4 Non-forfeiture options 5 Paid-up addition option 6 Non-forfeiture Laws 7 Interest Option 8 Reduced paid-up insurance option 9 Life income option 10 Fixed-period (income for elected period) option allows policy proceeds to be used to buy a life annuity that guarantees the annuitant an income for life. the policy proceeds are paid to a beneficiary over some fixed period of time. the dividend is used to purchase an increment of paid-up whole life insurance. Cash Value, Reduced paid-up, and extended term insurance. the cash-surrender value is applied as a net single premium to purchase a reduced paid-up policy. refer to the various ways that the policy proceeds can be paid. the policy proceeds are retained by the insurer, and interest is periodically paid to the beneficiary. the net cash-surrender value is used as a net single premium to extend the full face amount of the policy (less any indebtedness into the future as term insurance for a certain number of years and days. requires insurers to provide at least a minimum non-forfeiture value to policyholders. a fixed amount is periodically paid to the beneficiary.
Crear