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