Relier Pairs Risk Chp. 12 pt. 3Version en ligne Risk Chp. 12 pt. 3 par Ryan Brown 1 Settlement Options 2 Paid-up addition option 3 Extended Term Insurance Option 4 Reduced paid-up insurance option 5 Non-forfeiture options 6 Fixed-period (income for elected period) option 7 Life income option 8 Interest Option 9 Fixed-amount (income for elected amount) option 10 Non-forfeiture Laws a fixed amount is periodically paid to the beneficiary. 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. 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. the policy proceeds are paid to a beneficiary over some fixed period of time. the policy proceeds are retained by the insurer, and interest is periodically paid to the beneficiary. allows policy proceeds to be used to buy a life annuity that guarantees the annuitant an income for life. requires insurers to provide at least a minimum non-forfeiture value to policyholders. refer to the various ways that the policy proceeds can be paid.
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